Following an agreement between the parties, Van Oord is now a shareholder in Saare Wind Energy. Saare Wind Energy is developing the Saaremaa offshore wind farm in Estonia.
The collaboration with Van Oord allows Saare Wind Energy to intensify the development process for this offshore wind farm, as financial support and knowledge are combined. Saare Wind Energy is developing an area of up to 200 km2 south-west of the Estonian Island Saaremaa. The area could facilitate an offshore wind farm of over 1,000 MW. The development of the wind farm started in 2015. The Estonian government decided in May 2020 that Saare Wind Energy can proceed with the location permit procedure and the associated Environmental Impact Assessment. In January 2020, Saare Wind Energy and Van Oord agreed to cooperate on the Saaremaa offshore wind farm project.