EDINBURGH, UK — Flotation Energy and Vårgrønn have formed a partnership targeting the production of renewable energy from offshore wind farms for the electrification and decarbonisation of oil and gas installations in the North Sea.
They will apply for leases under Crown Estate Scotland’s Innovation and Oil and Gas Targeted Cycle (INTOG), with a commitment to innovative solutions and the promotion of supply chain development in Scotland.
Lord Nicol Stephen, CEO and Co-Founder of Flotation Energy, said: “We are determined to move forward with our floating wind projects delivering renewable energy to the oil and gas sector by the mid-1900s. 2020.”
Edinburgh-based Flotation Energy is working on 10GW offshore wind projects in the UK, Ireland, Taiwan, Japan and Australia, and plans to expand into other markets.
Vårgrønn, which describes itself as an owned full-cycle offshore wind company, was established by Eni and HitecVision in 2020 to build on their joint development of Vår Energi as a leading Norwegian offshore E&P company.
Vårgrønn will acquire a 20% stake in the Dogger Bank wind farm project in the British North Sea. It has also formed a consortium with Agder Energi and Corio Generation bidding for a site in the Sørlige Nordsjø II offshore wind area in Norway, and it has partnered with Equinor to develop floating offshore wind at Utsira Nord in the North Sea. norwegian.
By 2030, the company is targeting 5 GW of installed and sanctioned offshore wind capacity in Europe.