Integrated Wind Solutions AS (IWS) aims to be a leading offshore wind service
player by integrating service operation vessels with engineering, product and
manpower services in a windfarm's installation, commissioning and operations
phases. 

As part of delivering on the Company's strategy, we are pleased to announce the
acquisition of Green Ducklings A/S (Green Ducklings). Green Ducklings is a
Danish offshore wind specialist advisory to the global renewable industry with
sole focus on offshore wind power.  

"The acquisition of Green Ducklings will enable an acceleration of our ambitious
strategy, where IWS is owning and developing a portfolio of closely related
service offerings to support our offshore wind clients. Green Ducklings adds a
deep offshore wind sector knowledge together with an extensive network. Today's
announcement constitute a key building block in our aim to attract the best
strategic minds and companies of the offshore wind industry", said Lars-Henrik
Røren, CEO of Integrated Wind Solutions AS.

Headquartered in Denmark, Green Ducklings help maximize the value of companies
within the offshore wind industry by leveraging deep sector knowledge of and
network within the wind industry. The client base includes a broad range of
companies, from technology providers to component suppliers, as well as
developers and owners of wind farms. The transaction is with effect from today,
15 July 2021. The commercial terms of the transaction are decided to stay
undisclosed. 

Green Ducklings Co-founder and Partner Jesper Grønbjerg Uhre Larsen said, "Green
Ducklings was established to improve any company's odds for success in offshore
wind. This continues with the investment by IWS while enhancing our plans for
growth. We will be focusing on two fronts going forward: First, continuing
business as usual by providing strategic subject matter expert advice to both
existing, new clients, and trusted partners. Second, providing in-house advisory
services to Integrated Wind Solutions and the portfolio service companies
operating under the IWS umbrella".    

According to an already planned rotation scheme, Kristian Ascanius Jacobsen will
move into the position as Managing Director of Green Ducklings. 

Oslo, July 15

For further information, please contact: 	
Lars-Henrik Røren			
CEO Integrated Wind Solutions		
Phone +47 98 22 85 06 			
E-mail lhr@integratedwind.com 

About Integrated Wind Solutions AS

Integrated Wind Solutions AS (ticker code: IWS) offers a fleet of
state-of-the-art service vessels to the offshore wind industry combined with a
suite of adhering services, to reduce levelized cost of energy (LCOE) for
offshore wind. The Company has two UT5519DE Design Wind Farm Support Vessels
under construction with delivery in 2023, and options for up to four further
sister vessels. The Company also owns 75 % of ProCon, a Danish engineering,
construction and service solution provider specialized in electrical and
technical solutions to the global renewable industry. Integrated Wind Solutions
is headquartered in Oslo, Norway. For more information, see company website:
integratedwind.com.

About Green Ducklings A/S

Green Ducklings is founded by three Executive Management partners, with the
common vision of being masters of "Black2Green" transformations. The sole
purpose of Green Ducklings is to increase the value of companies by efficiently
facilitating strategic guidance and diversification processes in offshore wind.
The founding partners leverage an extensive network within the offshore wind as
well as the Oil and Gas markets. Our experience total 15 years in the offshore
Oil and Gas sector and 40 years of experience in the offshore wind. The offered
process has been tested, proven and refined by the Green Ducklings team,
including collaboration partners.  For more information, see company website:
greenducklings.com