Vattenfall and Norwegian company Seagust have formed a joint venture to bid for offshore wind areas in Norway’s upcoming licensing rounds. The joint venture represents Vattenfall’s entry into the Norwegian wind market. The joint venture intends to bid on licenses in both the Utsira Nord and Sørlige Nordsjø II areas in the North Sea. The Norwegian government has announced plans to build up to 4.5 gigawatts from both floating and bottom-fixed wind turbines, and the licensing rounds are expected to take place within 2022. Seagust was established in 2021 by industrial investment companies Arendals Fossekompani AFK and Ferd. Seagust has the ambition to become an offshore wind developer with domestic and international operation, backed by the owners’ experience, capital and industrial network.