Veri is evaluating the potential for a scalable onshore wind
project at SVT.  The project includes several benefits:

• Modular design will allow us to install up to 30-40MW of wind turbines.
• Brownfield site at SVT is expected to streamline permitting process and shorten lead times.
• High wind factor rates of over 50% in the Shetland Islands are amongst the highest in the world.

Veri is also working with our parent, EnQuest plc, to assess the potential to leverage the Group’s existing infrastructure and subsea projects expertise to facilitate the electrification of nearby offshore oil and gas assets and planned developments by way of a grid connection supplemented with renewable power. This would lead to significant emissions reductions for platforms which are expected to operate into the 2050’s.