Ørsted joins Norwegian offshore wind consortium with Fred. Olsen Renewables and Hafslund Eco
The Norwegian part of the North Sea holds great potential for the development of large-scale offshore wind farms that can supply green energy to Norwegian industries and households, and potentially also to other countries in the North Sea through the offshore grid needed to enable the massive build-out of offshore wind across Europe towards 2050. Offshore wind and offshore grid combined will create a profitable solution for Norway, utilising Norwegian flexible hydropower and delivering renewable power at low cost.
The three parties see the cooperation as the perfect fit for realising large-scale offshore wind projects in combination with an offshore grid. The consortium has the aim to deliver both bottom-fixed and floating offshore wind power, while developing the Norwegian supply chain for the expected large-scale build-out of offshore wind in Norway and in Europe.
Ørsted, Hafslund Eco and Fred. Olsen Renewables will be equal partners in the consortium which will be applying for licenses in both areas appointed by the Norwegian government, Utsira Nord and Sørlige Nordsjø II. The upcoming allocation round is expected to consist of up to 4.5GW across the two areas, with the technical potential being much higher. ■