Fred Olsen Renewables AS  feasibility study Indonesia and Philippines Fred. Olsen Renewables AS (FORAS) has applied for and been approved Norad grant support for project development work (feasibility studies) to develop a portfolio of floating solar PV and offshore wind power plants in Indonesia and the Philippines. FORAS and sister companies in the Bonheur group will invest in the projects on a build-own-operate basis to produce and sell renewable energy to the local markets.