BW Ideol is pleased to announce continuously strong operational results from its
5-year-old  Floatgen demonstrator, showing a  capacity factor of nearly 60% over
the last three months and a production of 25GWh since its 2018 commissioning.

France's  first and only  floating wind turbine  continues to prove its reliable
performance  capabilities and delivered an average capacity factor of 59.2% over
a  3-month  period  ranging  from  November  2022 to  January  2023. The 25 GWh-
milestone  was  reached  just  after  the  major  Atlantic  storm Gerard in late
January.  The Floatgen  turbine, mounted  on BW  Ideol's patented  Damping Pool®
foundation,  handled wind  speeds up  to 37.30 metres  per second (equivalent to
134 km/h)  and up to 5.5 metres of significant wave height (equivalent to around
10.5 meters maximum wave height).

"Floatgen  - one of the few floating wind turbines currently in operation across
the  globe - continues to  deliver outstanding results  in terms of reliability,
efficiency  and  production.  It  keeps  on  validating the merits of our unique
floating  offshore  wind  technology,  even  in  the harshest environments. Such
repeated  performance, high  availability and  consequently high capacity factor
underlines  the benefits of  floating wind and  its ability to  capture the best
possible wind resources without depth constraints, contributing to a much needed
energy  resilience in  the process"  said Paul  de la  Guérivière, the CEO of BW
Ideol.

Floatgen is a 2 MW demonstrator equipped with the world's first concrete hull
for floating offshore wind. It is operating in 33 metres water depth off the
coast of Le Croisic (Western France) since 2018. It provides electricity to
approximately 3,000 households. This industry-changing full-scale prototype is
owned, operated and maintained by BW Ideol, generates amounts of valuable
operational data and enables our own teams to develop an industry-leading hands-
on expertise and track-record in terms of floating offshore wind O&M. This
unique asset also serves as a full-scale and real-conditions R&D platform to
qualify new components and methods as well as perform environmental impact
studies.

About BW Ideol:
BW  Ideol is a leading fully integrated  platform in floating offshore wind with
more  than  12 years  of  experience  from  design, execution and development of
floating  wind projects based on our  patented floating offshore wind technology
and  engineering capabilities. The  company has a  dual-leg growth strategy as a
floater  EPCI  and  maintenance  services  provider  and  as a wind-farm project
developer  and  co-owner.  BW  Ideol  has  two full-scale offshore floating wind
turbines  in operation in France and  Japan, a significant project pipeline, and
is supported by BW Offshore's extensive experience from developing and operating
offshore energy production systems.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.