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Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields

marinesalvage by marinesalvage
January 24, 2022
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Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields
Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields

Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields

Mike Schuler

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August 22, 2019

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Illustration politeness Equinor

Norwegian government-run Enova has actually authorized financing of approximately NOK 2.3 billion (US$ 256 million) to sustain a job that would certainly establish the globe’s very first drifting overseas wind ranch to power overseas oil as well as gas setups in the northNorth Sea

The Hywind Tampen job recommends providing power from a drifting overseas wind ranch to the Equinor- run Gullfaks as well as Snorre areas. By touching renewable resource sources, it is approximated that carbon dioxide discharges would certainly be decreased by greater than 200,000 tonnes annually, comparable to discharges from 100,000 personal automobiles.

The overseas wind ranch will certainly contain 11 drifting wind generators with a complete capability of 88 MW, sufficient to fulfill around 35% of the yearly power required fo the 5 existing oil as well as gas systems at the Gullfaks as well as Snorre areas. During durations of high winds, the portion might also be a lot greater.

Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields
Illustration politeness Equinor

“The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating offshore wind farms and renewable energy supplies. With this support we have taken an important step forward in realising the project. Now it is up to the licences to further mature the project towards a final investment decision this autumn,” claims Pål Eitrheim, executive vice head of state for New Energy Solutions in Equinor.

Earlier, the Business Sector’s NOx Fund determined to sustain the Hywind Tampen job by a financial investment give of approximately NOK 566 million.

“The Hywind Tampen project will contribute to further developing floating offshore wind technology and reducing the costs of future floating offshore wind farms, offering new industrial opportunities for Norway, the licences and Norwegian supplier industry in a growing global offshore wind market,” claims Olav-Bernt Haga, job supervisor for Hywind Tampen.

The 7 companions in the Snorre as well as Gullfaks permits will possibly to make a financial investment choice for the Hywind Tampen job this loss.

Parnters in the Gullfaks permit consist of Equinor Energy AS (51%), Petoro AS (30%), as well as OMV (Norge) AS (19%). Snorre permit companions consist of Equinor Energy AS (33.3%), Petoro AS (30%), ExxonMobil Exploration as well as Production Norway AS (17.5%), Idemitsu Petroleum Norge AS (9.6%), DEA Norge AS (8.6%), as well as Vår Energi AS (1.1%)

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Tags: EquinorNorwayoffshore oil and gasOffshore Wind
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