Wind Energy – Floating Wind
Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round.
When completed, the wind farms will provide renewable electricity to oil and gas platforms, aiming to significantly reduce carbon emissions from the assets they supply.
Green Volt and Cenos will also provide electricity to the UK grid. The wind farms are among the most advanced offshore wind projects in Europe for the electrification and decarbonisation of oil and gas platforms.
Nicol Stephen, CEO of Flotation Energy said: “Our Green Volt and Cenos projects will play a critical role in speeding up the energy transition, strengthening Scotland’s position as a global leader in floating wind.
Participating oil and gas platforms will have electricity, currently generated by gas and diesel turbines, replaced by renewable energy. The wind farms will also deliver up to 7TWh of power back to the UK grid each year – the equivalent of providing affordable, renewable electricity for more than 2.4 million UK homes.
Overall, the Green Volt and Cenos projects are estimated to save around 3 million tonnes of carbon each year.
This will play a crucial role in achieving Scotland’s 2045 Net Zero target and delivering The North Sea Transition Deal’s goal to halve offshore emissions by 2030.”