Fred. Olsen Seawind
- Company typePrivate
- Founded2016
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Fred. Olsen Seawind does
Fred. Olsen Seawind is an offshore wind project developer focused on building and operating large-scale offshore wind farms, with capabilities spanning both bottom-fixed and floating offshore wind technologies. Founded in 2016 and headquartered in Oslo, the company operates as the dedicated offshore wind development arm of the Fred. Olsen group, drawing on 25 years of wind development experience through Fred. Olsen Renewables and integration with sister entities Fred. Olsen Windcarrier (vessel installation, ~20% of global offshore wind turbines installed), Fred. Olsen Ocean, and Global Wind Service. The company's portfolio consists of two principal projects: the Muir Mhòr floating offshore wind farm off Aberdeenshire, Scotland (up to 798 MW, now 100% owned following the April 2026 acquisition of Vattenfall's 50% stake), and the Codling Wind Park in the Irish Sea (50/50 joint venture with EDF Renewables). It is also a member of the Blåvinge consortium with Hafslund and Ørsted for Norwegian floating offshore wind, although it withdrew from the Utsira Nord competition in December 2024.
The company's revenue model is project-based rather than product-based: it acquires seabed development rights through competitive government leasing rounds (e.g., Crown Estate Scotland's ScotWind), progresses projects through joint ventures with strategic energy partners, and generates value through development fees, retained equity stakes in operating assets, and eventual sale or monetization of project stakes. Pricing is not publicly disclosed, as economics are negotiated bilaterally with JV partners and through government-backed leasing rounds. Target customers are national and regional governments, utilities, and grid operators seeking large-scale renewable energy capacity to meet net zero commitments. Fred. Olsen Seawind is an indirect wholly owned subsidiary of Bonheur ASA, the Norwegian holding company listed on the Oslo Stock Exchange, and operates regional offices in London and Stirling in addition to its Oslo headquarters.
Fred. Olsen Seawind firmographics
Firmographics- Name
- Fred. Olsen Seawind
- Legal name
- Fred. Olsen Seawind ASA
- Website
- https://fredolsenseawind.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Fred. Olsen Seawind industry classification
Industry- Product category
- Offshore Wind Energy Development
- NAICS
- Wind Electric Power Generation (221115)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Offshore Wind Project Development & Leasing (EUAMACAB)
- akta.pro secondary industries
- Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE), Offshore Wind Power Generation (Floating) (EUACAFAC), Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
Keywords
Where Fred. Olsen Seawind is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
Fred. Olsen Seawind business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Offshore Wind Project Development and Ownership: Fred. Olsen Seawind develops offshore wind projects through joint ventures, holds ownership stakes, and generates value through project realization. Revenue is derived from selling project stakes, earning development fees, and retaining equity in operating assets. Projects like Muir Mhòr and Codling Wind Park are co-developed with strategic partners.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Fred. Olsen Seawind product offering
Product offeringCore offering
Fred. Olsen Seawind develops and operates large-scale offshore wind projects, with a focus on both bottom-fixed and floating offshore wind technology. The company secures seabed leases through competitive government rounds (e.g., ScotWind), then develops projects through joint ventures with strategic partners such as Vattenfall and EDF Renewables. Its current portfolio includes the Codling Wind Park (Irish Sea) and the Muir Mhòr floating offshore wind project off Scotland.
Product overview
Fred. Olsen Seawind is an established offshore wind developer offering a focused portfolio of wind farm projects. The company operates two primary projects: Codling Wind Park (a 50/50 joint venture with EDF Renewables in the Irish Sea) and Muir Mhòr Offshore Wind Farm (now 100% owned by Fred. Olsen Seawind, located off Scotland's east coast). The company focuses on both bottom-fixed and floating offshore wind technology, with projects drawing on Fred. Olsen Renewables' 25 years of wind development expertise. Fred. Olsen Seawind works in partnership with Fred. Olsen-related companies including Fred. Olsen Windcarrier, Global Wind Service, and Fred. Olsen Ocean to deliver projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Codling Wind Park A planned offshore wind farm in the Irish Sea developed as a 50/50 joint venture between Fred. Olsen Seawind and EDF Renewables. It represents one of the largest energy infrastructure investments planned in Ireland this decade, supplying renewable electricity to the Irish grid.
- Muir Mhòr Offshore Wind Farm A floating offshore wind project located approximately 63 km off the Aberdeenshire coast near Peterhead, Scotland. One of the world's first commercial-scale floating offshore wind projects, with up to 798 MW capacity enough to power over 700,000 UK homes, targeting power generation in the early 2030s.
Quantifiable outcome
- Up to 798 MW of renewable electricity generation capacity (Muir Mhòr), powering over 700,000 UK homes.
- +2 more outcomes
Companies that use Fred. Olsen Seawind
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Fred. Olsen Seawind technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Fred. Olsen Seawind partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- HafslundcoreFred. Olsen Seawind and Hafslund formed the Blåvinge consortium (also including Ørsted) to pursue floating offshore wind development opportunities in Norway, including Utsira Nord. The consortium also partnered with Rosenberg for offshore wind energy development. In December 2024, the Blåvinge consortium jointly decided not to participate in the Utsira Nord competition.
- University of the Highlands and Islands (UHI)minorFred. Olsen Seawind and Vattenfall donated to UHI's Renewable Energy Accelerator Fund / Future Leaders Fund, providing £5,000 bursaries per student to support engineering students in the Highlands and Islands region. The initiative aims to nurture local engineering talent and support Scotland's net zero ambitions.
- GoBe Consultants Ltd (Apem Group)minorMara Mhòr project appointed GoBe Consultants Ltd (part of the Apem Group) to deliver the Environmental Impact Assessment (EIA) and Habitats Regulation Assessment. GoBe has delivered 30GW of offshore wind projects in Scottish waters to date. Supported by Land Use Consultants' Scottish Planning team for onshore elements.
- Land Use Consultants (LUC)minorLUC supports the Mara Mhòr project team on onshore elements of the EIA and environmental planning, leveraging extensive experience in delivery of environmental support for renewable energy and transmission projects in Scotland.
- Taylor HopkinsonminorFred. Olsen Seawind partnered with Taylor Hopkinson to bring the OffshoreWind4Kids global educational initiative to Scotland, hosting demonstration days at beaches across Scotland to teach children about engineering, technology, and renewable energy. The initiative aims to attract the next generation of renewables specialists.
- ØrstedcoreØrsted is part of the Blåvinge consortium with Fred. Olsen Seawind and Hafslund for offshore wind development in Norway, including potential Utsira Nord participation. The consortium aims to develop both bottom-fixed and floating wind projects and build competitive Norwegian supply chains.
- RosenbergminorRosenberg and Blåvinge (a partnership between Fred. Olsen Seawind, Hafslund, and Ørsted) entered an exclusive collaboration to develop floating offshore wind farms in Norway. The partnership leverages Rosenberg's expertise in planning, construction, and assembly of large steel structures to support the development of large-scale floating wind farms, creating man-years in development and construction phases.
- VattenfallcoreFred. Olsen Seawind and Vattenfall formed a 50/50 joint venture partnership to develop offshore wind projects awarded in Crown Estate Scotland's ScotWind leasing round. The partnership secured rights to the Muir Mhòr site (up to 798 MW floating offshore wind). In April 2026, Fred. Olsen Seawind assumed 100% ownership by acquiring Vattenfall's 50% stake, subject to regulatory approvals.
- EDF RenewablescoreFred. Olsen Seawind and EDF Renewables operate a 50/50 joint venture for the Codling Wind Park, a proposed offshore wind farm in the Irish Sea. Both companies are leading developers, owners, and operators of renewable energy assets with many years of global experience in the sector.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Fred. Olsen Seawind competitors and assessment
Company assessmentDirect peers
- Ørsted: Global offshore wind market leader and current Blåvinge consortium partner of Fred. Olsen Seawind. Ørsted develops, constructs, and operates offshore wind farms at scale, making it a directly comparable developer with overlapping project geographies in Northern Europe.
- Equinor: Norwegian-headquartered offshore wind developer with major floating wind ambitions (e.g., Hywind). Equinor is a direct peer given overlapping Norwegian and UK footprints and shared floating offshore wind development focus.
- SSE Renewables: UK-headquartered renewable energy developer with a significant offshore wind pipeline (e.g., Dogger Bank, Berwick Bank). Directly comparable as a leading offshore wind developer focused on UK and Irish waters, often partnered with Equinor.
- EDF Renewables: Current 50/50 JV partner on the Codling Wind Park. EDF Renewables develops and operates renewable projects globally, including offshore wind, and is a directly comparable utility-affiliated developer competing in the same European leasing rounds.
- Vattenfall: Swedish state-owned utility and offshore wind developer, formerly the 50/50 JV partner on Muir Mhòr with Fred. Olsen Seawind. Vattenfall's UK/Nordic offshore wind development portfolio makes it a directly comparable utility-scale developer.
- Ocean Winds (EDP/Engie JV): Joint venture between EDP and Engie dedicated to offshore wind development. Ocean Winds is a directly comparable focused offshore wind developer competing in the same Northern European markets, including floating wind projects.
- Hafslund: Norwegian energy company and Blåvinge consortium partner pursuing offshore wind in Norway. Hafslund is a directly comparable Norwegian offshore wind development peer with shared regional focus on floating wind.
Broad incumbents
- RWE Renewables: Major European utility with a large offshore wind development pipeline and operational portfolio (e.g., Sofia, Greater Gabbard). RWE is a broad incumbent competing for the same offshore wind seabed leases in the UK and Northern Europe.
- Iberdrola / Avangrid Renewables: Global utility with one of the largest installed offshore wind portfolios (e.g., East Anglia, Vineyard Wind). Iberdrola is a broad incumbent competing in the same UK and European offshore wind leasing markets.
Emerging players
- Masdar: UAE-backed renewable energy investor expanding rapidly into offshore wind, including floating wind (e.g., partnership with Iberdrola). Masdar is an emerging peer with growing overlap in floating offshore wind ambitions and similar partner-driven development models.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Fred. Olsen Seawind social profiles
Digital presenceFred. Olsen Seawind financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fred. Olsen Seawind leadership team
Management profileNumber of profiles
Profiles2 records
Fred. Olsen Seawind funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fred. Olsen Seawind M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fred. Olsen Seawind
What does Fred. Olsen Seawind do?
Fred. Olsen Seawind develops and operates large-scale offshore wind projects, with a focus on both bottom-fixed and floating offshore wind technology. The company secures seabed leases through competitive government rounds (e.g., ScotWind), then develops projects through joint ventures with strategic partners such as Vattenfall and EDF Renewables. Its current portfolio includes the Codling Wind Park (Irish Sea) and the Muir Mhòr floating offshore wind project off Scotland.
Is Fred. Olsen Seawind a public or private company?
Fred. Olsen Seawind is a private company. It is classified as corporate owned and is currently operating.
When was Fred. Olsen Seawind founded?
Fred. Olsen Seawind was founded in 2016. It employs 11 to 50 people.
Where is Fred. Olsen Seawind based?
Fred. Olsen Seawind is headquartered in Oslo, Norway, in the Europe region.
How does Fred. Olsen Seawind make money?
One revenue line is on record: offshore Wind Project Development and Ownership.
Who are Fred. Olsen Seawind's main competitors?
Direct peers on record are Ørsted, Equinor, SSE Renewables, EDF Renewables, Vattenfall, Ocean Winds (EDP/Engie JV) and Hafslund. Broad incumbents are RWE Renewables and Iberdrola / Avangrid Renewables. Masdar is listed as an emerging player.
Does Fred. Olsen Seawind have an API?
No public API is recorded for Fred. Olsen Seawind.
What industry is Fred. Olsen Seawind in?
Fred. Olsen Seawind's product category is Offshore Wind Energy Development. Its primary akta.pro industry code is EUAMACAB, Offshore Wind Project Development & Leasing, with a secondary code of EUAMACAE, Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating). Its NAICS code is 221115 and its SIC code is 3510.