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Member News29th Nov 2023

Flotation Energy, Vårgrønn win Crown Estate Scotland wind projects

Flotation Energy and Vårgrønn, a joint venture between Italian Eni and Norwegian HitecVision, have signed exclusivity agreements with the Scottish government for two floating offshore wind developments.

The two will have a total 1.9 GW capacity and form part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round and the output will supply offshore platforms or the national grid with low-carbon electricity.

In a November 29 statement, they said their Green Volt and Cenos projects were “uniquely positioned to deliver green power and jobs by 2030. Their accelerated timelines are achievable because of the effort we’ve already invested into community engagement, environmental and engineering data collection and because of our strong relationships with the oil and gas platforms.”

They also welcomed the UK government’s decision to increase the strike price substantially for AR6 and the proposal to incentivise pioneering projects further from AR7 onwards.