Fred. Olsen Renewables is a wholly owned subsidiary of Bonheur ASA and Ganger Rolf ASA, both listed on the Oslo Stock Exchange. Fred. Olsen Renewables is responsible for the group�s renewable energy activities. Fred. Olsen Renewables' initial focus has been in wind power and our first investment was made back in 1996. Recently, significant efforts have been made in developing greenfield wind farm projects. This has proven particularly successful in the UK and the company�s first large scale wind farm, Crystal Rig Windfarm in Scotland, commenced operation in 2003. Fred. Olsen Renewables also has activities in Norway, Sweden, Canada and the Republic of Ireland where a number of projects are currently under development. The overall strategy is to participate in projects from an early stage. The company is involved in site selection, planning and construction and aims to operate the projects over their lifetime. The approach is based on the cradle-to-grave principle. Fred. Olsen Renewables' strategy is to invest in a range of renewable energy technologies.