Wind Energy – Floating Wind
Agder Energi and Macquarie’s Green Investment Group (GIG), one of the world’s leading green investors and developers, have formed a partnership to bid for a floating offshore wind project at Utsira Nord, in the Norwegian North Sea.
Utsira Nord (1.5 GW) is one of two areas the Norwegian Government opened to licensing applications for offshore wind development. With deep waters, proximity to industrial energy users, and strong wind conditions the Utsira Nord area is suitable for floating offshore wind development.
Through the partnership, GIG and Agder Energi aim to help the Norwegian government achieve their 2050 net zero target, foster growth in the Norwegian offshore wind supply chain, drive innovation in Norwegian energy markets, and support high-skilled local job opportunities.
With over 15 GW of offshore wind capacity under development, and over 10 years experience, GIG is one of the sector’s leading developers. GIG is also a first-tier global floating offshore wind developer with a potential cumulative capacity of 4.5 GW, including partnerships to co-develop floating offshore wind in South Korea (2.3 GW), Japan (1.9 GW) and France (270 MW).
GIG also has rights to develop a 1.5 GW project in UK through the 4th licensing round and recently secured rights to develop a 2 GW project in Scotland through the ScotWind leasing round.
Agder Energi is Norway’s fourth largest producer of renewable hydroelectric power, with 49 hydropower stations and an annual production of 8.7 TWh flexible production. The group operates a regional grid with 200,000 customers in the entering area (Price Area NO2) for the connection from Utsira Nord.