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July 08, 2020

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

Contract Win to Support Hoa Binh 1 OWF Development

LOC Group is pleased to announce it has won a contract with Cong ty Phan Dau Tu Dien Gio Hoa Binh1, part of Phuong Anh Group, to support the development of the Hoa Binh 1 Offshore Windfarm (OWF) in Vietnam.

Under the agreement, LOC will provide Marine Warranty Services and consulting services. It will also give guidance and recommendations to contractors on how best to meet project requirements and improve the quality of operations, including better risk management, through active risk assessment.

The Hoa Binh 1 Offshore Windfarm development will consist of 13 turbines, creating up to 50MW of capacity. Installation of the 13 turbines is tide dependent, with vessels potentially sitting on the mud floor during low tide. The turbines will be interconnected via a link bridge, negating the need for a transfer crew boat.

The OWF is located in shallow waters close to shore, in the Mekong Delta province of Bac Lieu. The farm will provide additional power to the national electricity system covering Bac Lieu and the southwest region of Vietnam.

The project will be led by LOC’s renewables team, based in Singapore and Thailand, with support from group companies, Longitude and Innosea.

Commenting, Donny Ng, Project and BD Director, at LOC Singapore, said:

“Winning this contract reflects the Company’s experience and understanding of the renewables market. It also mirrors our ever-growing presence in the South-East Asian renewables industry, post the recent opening of a further regional office in Taiwan”.