Equinor & Vårgrønn Team Up for Floating Wind at Utsira Nord
Equinor and Vårgrønn have signed a collaboration agreement to jointly apply for offshore wind acreage in Norway for the Utsira Nord area. Through a collaboration agreement Equinor and Vårgrønn a Norwegian renewable energy company established by HitecVision and Eni, aim to jointly prepare and submit an application to the Norwegian authorities to develop floating offshore wind at Utsira Nord west off Utsira and Haugalandet in the Norwegian North Sea.
The Norwegian Ministry of Petroleum and Energy has opened two areas for offshore renewables (Utsira Nord and Sørlige Nordsjø II), and the authorities are currently working on the licensing process for Norwegian offshore wind power projects.
The North Sea has some of the world’s best wind resources and is well known to the two offshore wind energy companies.
Vårgrønn is a joint venture between the global energy company Eni and the Norwegian energy entrepreneur and investor HitecVision. Equinor and Eni are partners in Dogger Bank currently under construction in the North Sea, which, once completed, will be the world’s biggest offshore wind farm.
HitecVision and Eni have a longstanding collaboration through Vår Energi – the largest, independent oil and gas company in Norway, and a partner in the Hywind Tampen project. Since the 1980s, HitecVision has been a leading entrepreneur and investor in the energy industry, having invested in, acquired or built more than 200 companies.