Plenitude (Eni) and HitecVision announce today an agreement to expand their Norwegian renewable energy company, Vårgrønn. The partners’ joint ambition is to build Vårgrønn into a material full cycle offshore wind player, targeting 5 GW of installed and sanctioned offshore wind capacity by 2030, with a focus on key Northern European markets.
Contracts for difference can ensure that floating offshore wind on Utsira North is realized in a cost-effective way, according to a recent report.
A large Norwegian offshore wind industry can provide 50,000 new jobs, 80 billion in annual value creation and 100 billion in annual export value.
Vårgrønn, Agder Energi and Corio Generation join forces to develop offshore wind in Norway’s Sørlige Nordsjø II zone.
Vårgrønn and Equinor have signed a collaboration agreement to jointly apply for offshore wind acreage in Norway for the Utsira Nord area.