- Norway-based offshore wind company Vargronn and Scotland’s Flotation Energy signed an agreement to develop two floating wind projects.
- The wind farms will supply electricity to oil-and-gas platforms in the North Sea, helping to decarbonise them.
A Norway-based offshore wind company, Vargronn and Scotland’s Flotation Energy, have signed an agreement to develop two floating offshore wind projects. This project will be totalling up to 1.9 GW in Scottish waters. Also, the signing is to select the projects at Green Volt and Cenos in Crown Estate —Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round.
They stated that once on the water, the wind farms will supply electricity to oil-and-gas platforms in the North Sea, helping to decarbonise them. Nicol Stephen, CEO of Flotation Energy, said, “Participating oil and gas platforms will have electricity, currently generated by gas and diesel turbines, replaced by renewable energy. Further, the wind farms will also deliver up to 7 TWh of power to the UK grid annually. This equates to providing affordable, renewable electricity for more than 2.4 million UK homes.”
According to the project’s website, Green Volt will have a nominal capacity of up to 560 MW generated by up to 35 floating wind turbines. It will commence operations in 2027. The Cenos wind farm will accommodate 70 to 10 floating turbines with a total capacity of up to 1,400 MW. In addition, electricity generation could begin in 2028.
Furthermore, Vargronn and Flotation Energy will take the final investment decision (FID) for Green Volt at the end of 2024. The FID for Cenos is to follow in 2026. Vargronn CEO, Olav Hetland, added, “We are advanced in their development and the required environmental assessments. Also, Green Volt and Cenos will contribute to establishing a new supply chain for floating offshore wind around the North Sea.”