Green Investment Joins Vårgrønn& Agder Energi for Offshore Wind
Vårgrønn and Agder Energi have worked together for the initial development activity and are now announcing a broadening of the partnership as GIG, one of the world’s largest green infrastructure developers, enters the consortium. The consortium will bid for a site in the Norwegian Sørlige Nordsjø II area, comprising up to 3 GW of new offshore wind capacity. The Sørlige Nordsjø II zone is one of two areas opened to licensing for offshore wind development by the Norwegian Government. With proximity to the European power market, shallow sea depths, good wind conditions, and nearby complementary industries, the Sørlige Nordsjø II area is particularly suitable for large-scale power production. Norway has the acreage, wind resources and supply chain needed to become an offshore wind superpower.
Vision 50 GW in 2050, a socio-economic analysis conducted by Thema Consulting on behalf of Agder Energi and Vårgrønn, shows how offshore wind in Norway can generate large amounts of renewable power to the European markets, creating an employment effect of up more than 50,000 FTEs and a market for goods and services exceeding NOK 100 billion annually in Norway towards 2050.
Vårgrønn and Agder Energi will each own 37.5 percent and Green Investment Group will own 25 percent of the consortium. Vårgrønn will be the Project Manager.