bp, Aker and Statkraft in JV in Norwegian North Sea offshore wind
bp today agreed to join Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind energy in Norway.
The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area.
SN2’s favourable location provides power export access to local and adjacent markets. The consortium also intends to explore opportunities to provide clean power to electrify offshore oil and gas facilities. The partnership would work with local suppliers, building industrial competencies for Norway’s offshore wind market, and contribute toward value creation in the Nordic and European energy market.
The consortium brings together the individual companies’ strong technical skills and deep experience in offshore energy projects, covering the full value chain from development to the delivery of offshore renewable energy to market.
bp has interests in the offshore wind sector in the both the US and UK and a longstanding onshore wind business in the US. It brings strong North Sea development and operating experience, international energy trading capabilities and a disciplined financial framework to the partnership.
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