On Monday, April 22, Avondale Global Gateway (AGG) brought
together global leaders engaged in the burgeoning offshore wind industry to learn more about
capabilities available in South Louisiana and specifically at the massive shipping terminal, during the
International Partnering Forum (IPF) hosted by Oceantic Network. Later this week, AGG will host
delegations from Germany and England and the Norwegian Ambassador to display how Avondale Global
Gateway is creating an environment to support Louisiana’s nascent offshore wind industry.

“This week’s wind conference is testament to Louisiana’s position as a key player in America’s growing
wind energy industry. We are proud to display the benefits of doing business in our state to the dozens
of worldwide business leaders who visited Avondale Global Gateway,” said Adam Anderson, HOST
Chairman and CEO. “As we’ve seen both overseas and in the Northeast US, the offshore wind industry
requires substantial amounts of high-load-bearing capacity port infrastructure to manage the
transportation and handling of these massive components. Our team has experience handling the
largest onshore wind components and working with Gulf Wind Technology on-site to develop solutions
for the offshore market. We are excited to see what the future holds for this cutting-edge company and
wind energy in Louisiana.”

Over 50 IPF participants gained insight into the offshore wind research and innovation occurring at AGG
led by Gulf Wind Technology and the logistics capabilities made possible by the Mississippi River. AGG
has been engaged in importing onshore wind components since 2021 and reloading the pieces back
onto barges for transport up the Mississippi River to onshore wind farms in the Midwest. In 2023, Gulf
Wind Technology became a tenant at AGG with the aim of launching Louisiana’s offshore wind industry.
With its location at Avondale Global Gateway, GWT and similar companies can manufacture wind
components at AGG then barge them down the Mississippi River to be deployed in the Gulf of Mexico
through Port Fourchon.

“New Orleans and the state of Louisiana plays a key role in America’s offshore energy industry and
serves as a perfect location for IPF this year, as the Gulf of Mexico continues to bolster the domestic
offshore wind supply chain,” said Liz Burdock, founder and CEO of Oceantic Network. “Companies
along the Gulf Coast are already hard at work building America’s next energy industry and moving to
integrate new technologies like green hydrogen into offshore wind. Embracing its offshore energy past
and incorporating the future of offshore wind, New Orleans and the state of Louisiana are emerging as a
center of experience, expertise, innovation, and heart of this new industry.”

Avondale Global Gateway is well positioned to become a hub for offshore wind in the Gulf of Mexico,
due to the all-encompassing unique value the property provides as well as the proximity to the
experienced offshore workforce in the Gulf of Mexico. The property is ideal for importing large offshore
wind components, storage, sub-assembly and on-site manufacturing and fabrication prior to loading
offshore wind turbine components out on barges for installation in the Gulf.

“We are thrilled to welcome the largest offshore wind energy conference in the Americas to our facility
at Avondale Global Gateway,” said James Martin, Gulf Wind Technology CEO. “It is incredible that
industry experts from around the world are coming to share ideas and learn about the advanced
scientific work happening right here in Louisiana.”

AGG has a prime location on the Mississippi River with over one mile of deep riverfront and five docks,
four Gantry heavy lift cranes with up to 350 tons capacity and dual pick capabilities, 1.2 million square
feet of warehouse space, and hundreds of acres of lay down storage space.