Fred. Olsen Seawind assumes 100% ownership of Muir Mhor Floating Offshore Wind Farm project
Norway, April 22 -- Fred. Olsen Seawind Limited (Fred. Olsen Seawind), an indirect wholly owned subsidiary of Bonheur ASA, and Vattenfall have agreed, that Fred. Olsen Seawind will assume 100% ownership of the incorporated Muir Mhor floating offshore wind project by taking over Vattenfall's current 50% ownership. The transaction is subject to receiving regulatory approvals.The change of ownership will take the form of a share sale, under which Fred. Olsen Seawind will acquire Vattenfall's 50% share in the project. For accounting purposes, Fred. Olsen Seawind will continue its investment book value as at 31 December 2025, from which point in time it will assume economic ownership of the project on a 100% basis.Muir Mhor was awarded seabed ri...
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