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Aker Offshore Wind to increase investment in floating offshore wind

Norwegian company Aker Offshore Wind plans to raise NOK 300 million through a private placement to increase its ownership stake in Principle Power Inc., which operates within floating wind.

Photo: Aker Solutions

Aker Offshore Wind, part of Norwegian magnate Kjell Inge Røkke's Aker conglomerate, plans to raise NOK 300 million (USD 33 million) through a private placement to increase its shareholding in Principle Power Inc. (PPI).

The Norwegian company already owns a stake in technology company Principle Power, which is working to develop floating, semi-submersible offshore wind platforms. And now Aker Offshore Wind is utilizing an option to buy additional equity in the company.

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