Vårgrønn and Flotation Energy, two European developers and owners of offshore wind projects, announced their partnership. Together the partners will generate renewable energy from offshore wind farms to enable the electrification and decarbonisation of offshore oil and gas installations in the North Sea.
Any excess power will be made available to benefit UK consumers. The partners will apply for leases in Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) round. Vårgrønn is a Norway-based full cycle offshore wind company owned by Plenitude (Eni) and the Norwegian energy entrepreneur and investor HitecVision. Flotation Energy is based Edinburgh, Scotland, and the expertise of the Flotation Energy team lies in the project and engineering management of large infrastructure projects.
