Tibula Energia Proposed floating offshore wind farm in Sardinia launches stakeholder consultation with northeastern coast of the island

Milan, 20 May 2022 – Tibula Energia is the name of the latest floating offshore wind farm project off the
northeastern coast of Sardinia, proposed by Falck Renewables and BlueFloat Energy as part of the partnership
between the two companies.

To ensure early engagement with the region the developers have set up a series of meetings with the local
stakeholders before starting the Ministerial authorization process, to present the project proposal in detail
and gather their feedback to be taken into account in the project design.

Key data of Tibula Energia project:
• 62 floating wind turbines, with a distance from the coast ranging from 25 to 40 kilometers. The turbines
will be barely visible to the human eye from the coast;
• total installed capacity of 975 MW;
• expected annual production of more than 3.4 TWh, equivalent to the consumption of over 900,000
households;
• more than 1.6 million tonnes of CO2 avoided each year.

This project contributes towards the objective of energy transition and represents an opportunity in terms
of industrial development and new skills.

Meetings with the local stakeholders will be carried out over the next few weeks and will focus on discussing
economic and social benefits of the project, including:
• generation of thousands of stable jobs in the medium to long term: up to 3,200 full-time jobs during the
manufacturing, assembly and installation stages; and more than 180 for maintenance once the wind farm
is operational;
• insights into the latest technological developments, which represent exciting professional opportunities
for local talent
• innovation, research and development through collaborative schemes with Sardinia’s universities,
research centers and regional technology hubs;
• development of the local supply chain based on our inclusive and sustainable business model, which
encourages proximity of supply, giving priority to local businesses;
• the development of the island’s main industrial ports for the assembly, operation and maintenance of
the wind farm.

In addition to the production of green energy, the project aims to support the sustainable growth of local
communities through initiatives which will benefit the area, such as wind farm co-ownership schemes or
support for community-led projects.
Exploratory research into local sea and wind conditions, environmental impacts and industrial infrastructures
has been underway over the past 12 months. The request for a maritime concession was submitted on 6 May
and the authorisation process with the Ministry of Ecological Transition will begin in the next few weeks.

Ksenia Balanda, Tibula Energia General Manager, said: “We feel that the value of our projects is based on
their ability to benefit local communities. Through dialogue and engagement with the local communities, we
aim to create a development model that is inclusive and respectful of their needs ”

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Falck Renewables S.p.A. develops, designs, builds and manages power production plants from renewable sources, with
an installed capacity of 1,408 MW in the United Kingdom, Italy, United States, Spain, France, Norway and Sweden, using
wind power, solar power, WtE and biomass technologies. The Group is a global player in the renewable energy technical
advisory and asset management services business, through its wholly owned subsidiary Vector Renewables, providing
asset management services to clients accounting for approximately 4,800 MW of installed capacity and with experience
in more than 40 countries. Falck Renewables also provides highly specialized energy management and downstream
services to both energy producers and consumers.
Visit www.falckrenewables.com and connect with us on LinkedIn and Twitter (@falckrenewables).

BlueFloat Energy is developing offshore wind projects in various regions of the world, where it can implement its vision:
to accelerate global deployment of offshore wind as a key enabler for the energy transition and economic growth.
Founded by renewable energy professionals, BlueFloat Energy brings together remarkable team expertise in the design,
development, financing, construction and execution of offshore wind projects.
BlueFloat Energy is supported by 547 Energy, the Quantum Energy Partners’ platform dedicated to clean energy
investments. 547 Energy aims to partner with innovative companies who drive the growth of the green energy economy.
Quantum Energy Partners is one of the world’s leading dedicated energy investment funds, with a portfolio of over $ 17
billion of assets under management since its inception in 1998. www.bluefloat.com
Contacts:

Falck Renewables
Elena Roda – Media Relations – Tel. +39 02 2433 2297

BlueFloat Energy
Nailia Dindarova – Government and Regulatory Affairs Director – Tel. +34 (0) 610 53 31 41

SEC Newgate Italia
Daniele Pinosa, Fabio Leoni, Fabio Santilio – Tel. +39 02 6249991
Sara Panarelli – Tel. +39 380 3687091