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A2SEA: A2SEA Acquires the Barge JB109 from Jack-up Barge(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:26092008 Fredericia -- A2SEA A/S, a leading contractor specialising in the transport, installation and service of offshore wind turbines, today announced that it has acquired the installation barge JB109 and related assets from the Dutch supplier of barges of the jack-up type, Jack-Up Barge B.V. for an undisclosed price. In connection with the taking-over, the barge will be renamed SEA WORKER. A2SEA is experiencing an explosive development and did only one year ago acquire their first jack-up rig - SEA JACK. After the acquisition of SEA WORKER, A2SEA's fleet is now counting two rigs and two special-purpose vessels meaning that A2SEA can now install the foundations as well as the topsides and larger turbines for offshore wind farms. The additional installation rig will give A2SEA flexibility to bid for many more offshore contracts using their vessels separately or in combination. A2SEA's turnover is estimated to triple in 2008 reaching more than DKK 300 million. "The acquisition has further strengthened A2SEA's position in the market as the leading contractor within installation of offshore wind farms", CEO Jens Frederik Hansen says. "We are now in a position enabling us to bid for a larger number and more challenging projects. In addition, this acquisition has enabled us to offer a wider range of services, e.g. higher installation capacity for the waters west of Great Britain where we are experiencing an increasing activity." The European market for wind power is growing rapidly. The number of megawatt produced offshore is expected to increase from an estimated capacity of 750 MW in 2006 to more than 12,000 MW in 2015. The political support to wind farms is growing in line with the demand for renewable energy. In January 2007 the European Commission recommended that before the end of 2020 20% of the total energy consumption should come from renewable energy sources such as wind. The Chairman of A2SEA, Per Staehr, is very aware of this development:"We are in close dialogue with the market and prepare ourselves to the future. If the customers are willing to commit to future cooperation, A2SEA is ready to make the necessary investments to secure that we have the required capacity to meet our customers' demands." In 2008 A2SEA's four vessels are all 100% booked. SEA POWER, with her newly extended "legs" enabling her to work at deeper waters, will for the next year be fully employed with service works and installation of 91 offshore wind turbines at the site "Horns Rev 2" where the rig SEA JACK is presently working on the foundation installation. Later, SEA POWER is booked to install 91 wind turbines at the wind farm"Rodsand 2". SEA ENERGY, A2SEA's second special-purpose vessel, is presently working as feeder vessel at the project "Robin Rigg", where she transports wind turbines from Belfast to SEA WORKER, which is booked to install the 60 Vestas V90 wind turbines for this project. Notes to editors: A2SEA A/S, www.A2SEA.com, is a market leading marine contractor within construction services for the offshore wind farm market. A2SEA's revolutionary technology in the form of the special purpose world leader in offshore wind turbine installation and service. The approach to installing offshore wind farms pioneered by A2SEA is based on a concept of leg supported crane vessels'. The self-sustained vessels, approx 93 metres long by 22 metres wide, are each fitted with a 450t crane and four legs which can stabilise/support the vessel on the seabed. In 2007, A2SEA acquired the former JUMPING JACK (now SEA JACK) to be able to install complete projects including foundations as well a future turbines of the 5+MW class. A2SEA's vision is to maintain our position as the preferred contractor for safe and efficient transport, installation and servicing of offshore wind parks worldwide A2SEA was established in 2000 with the objective of providing transport, installation and marine support to offshore wind farm projects. A2SEA performs major marine support, installation and service tasks for all the leading wind turbine manufacturers - Vestas, Siemens, GE Wind Energy, and Nordex, as well as for major energy utilities such as Dong Energy, E.ON, and Vattenfall. A2SEA offers a wide range of offshore contracting services including installation of substructure and superstructure, repair and service, turnkey meteorological mast installation and rapid crew transfer. The Head Office is located in Fredericia, Denmark with subsidiaries in Germany and England. A2SEA has 160 employees of whom 50 are based in Fredericia. CONTACT: Jens Frederik Hansen, CEO, A2SEA Tel: +45 76 204 730 e-mail: [email protected] Gina Nielsen, Marketing Manager, A2SEA Tel: +45 7592 8211 e-mail: [email protected] Karen Mortensen, Sales Secretary, A2SEA Tel: +45 7592 8211 Tel: +45 7620 4734 Tel: +45 7592 6375 Fax: +45 7592 6375 e-mail: [email protected] WWW: http://www.a2sea.com ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |