Vattenfall and Seagust have created a joint venture (JV) to compete for offshore wind licence in Norway’s forthcoming licencing rounds.
The JV will bid for licences in the Utsira Nord and Srlige Nordsj 2 sectors of the North Sea, marking Vattenfall’s entry into the Norwegian wind market.
The Norwegian government has announced plans to create up to 4.5GW of wind power using both floating and bottom-fixed turbines, with licencing rounds expected to begin in 2022.
Helene Biström, CEO of Vattenfall’s BA wind division, said: “Norway is an attractive market to us with huge wind resources and we are delighted to see the growing support from the Norwegian government.
“This joint venture offers us a great chance to deliver affordable energy to industry and customers in line with our goal to enable a fossil-free living within one generation”.
Arendals Fossekompani (AFK) and Ferd, two industrial investment businesses, founded Seagust in 2021.
Biström continued, “Seagust is a perfect partner for us since the owners have an impressive history and track-record of building industries, creating local jobs and focusing on sustainability at the same time.
“We are dedicated to be working closely with Seagust and Norwegian suppliers to pursue offshore wind opportunities in Norway.”