Wind Energy – Full Ownership
The joint venture between Nadara and BlueFloat Energy has confirmed that Nadara will acquire BlueFloat’s stake in the JV’s floating offshore wind projects in the UK and Italy and become the sole owner.
All projects will now continue under Nadara’s leadership, maintaining commitments to suppliers, stakeholders, and communities. Nadara remains committed to progressing the development of commercial-scale floating offshore wind projects in its core markets.
Nadara will take full ownership of a total of ten projects: four in the UK and six in Italy. However, one more floating wind project – the 1.5 GW Stromar Wind project, which the JV owns together with Ørsted – will continue under its existing ownership arrangement, with Ørsted, BlueFloat Energy and Nadara each owning one third.
In the UK, Nadara will take over the Broadshore, Bellrock, Sinclair and Scaraben floating offshore wind farm sites in Scotland. The 900 MW Broadshore and 1.8 GW Bellrock offshore wind farms were awarded to the developer in the ScotWind leasing round in 2022. At the time, these were awarded to a joint venture between BlueFloat Energy and Renantis, which formed Nadara.
The 100 MW Sinclair and Scaraben floating wind projects, located adjacent to the Broadshore site, were secured by the project partners in Crown Estate Scotland’s INTOG innovation auction.
