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Flotation Energy and Vårgrønn announce offshore wind partnership to support oil and gas decarbonization in Scotland
Transactions - SEPTEMBER 21, 2022

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Flotation Energy and Vårgrønn announce offshore wind partnership to support oil and gas decarbonization in Scotland

by Released

Flotation Energy and Vårgrønn, two European developers and owners of offshore wind projects, have announced a partnership.

Together the partners will generate renewable energy from offshore wind farms to enable the electrification and decarbonization of offshore oil and gas installations in the North Sea. Any excess power will be made available to benefit consumers in the U.K.

“Decarbonizing U.K. Oil and Gas platforms is an urgent priority,” said Lord Nicol Stephen, CEO and co-founder at Flotation Energy. “Flotation Energy initiated early development work in 2020. We are determined to push forward so that our floating wind projects are delivering renewable energy to the oil and gas sector by the mid-2020’s. As well as tackling climate change, these projects will lead to billions of pounds of investment and thousands of skilled jobs, securing Scotland’s leadership in floating offshore wind. We are excited to team up with Vårgrønn in establishing a strong o

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