Boskalis signs partnership agreement with CIP for the development of the world’s first energy island project

Papendrecht, 30 November 2021

Boskalis has signed a partnership agreement with Copenhagen Infrastructure Partners (CIP), a leading global fund manager focused on renewable energy investments, together with three internationally renowned companies, to bid for the development of the energy island in the Danish North Sea. The signing of this agreement marks a significant step towards realising the world's first energy island, a project conceptualised by CIP and a crucial project in unlocking the rapid and unprecedented build-out of global offshore renewable energy to fight climate change. The Danish Energy Agency is currently in dialogue with potential bidders for the energy island tender, which is expected to be launched by Q3 2022.

The four chosen contractors are ACCIONA, Boskalis, DEME and MT Højgaard International, each of which offer a unique set of capabilities and experience. These contractors, together called the "NJORD Group", display an impressive track record, as well as an extensive pool of best-in-class equipment and skilled staff needed to ensure reliable and timely project development and execution.

Peter Berdowski, CEO Royal Boskalis Westminster: “We are excited with the formation of this partnership together with CIP as a leading global developer in the field of renewables. With our unique track record of creating new and climate resilient land development projects, together with our broad range of capabilities in the area of renewables, Boskalis is a logical contractor for the development of this innovative energy island in the Danish section of the North Sea. We look forward to taking the development of renewables further offshore to create a sustainable new horizon for millions of European households.”

The energy island in the North Sea will be located approximately 80-100 kilometres off the Danish west coast, where conditions for green energy production based on offshore wind are optimal. The island will be able to connect 10 GW of offshore wind to Denmark and other neighbouring markets, host an innovation zone with potential for large-scale energy storage and Power-to-X technologies, and provide accommodation and operation and maintenance services from onsite harbour facilities.

For the full press release of CIP, please refer to https://cipartners.dk/2021/11/30/cip-secures-world-class-global-contractor-group-for-the-worlds-first-energy-island-project/

‎FOR FURTHER INFORMATION

Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com

Press:
Arno Schikker
press@boskalis.com

T +31 786969310

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 employees, including associates, Boskalis is creating new horizons around the world.

This news release can also be found on our website www.boskalis.com.