Flotation Energy and Vårgrønn have submitted a Marine Licence application for the Green Volt floating offshore wind farm.
Flotation Energy and Vårgrønn are applying for a lease for Green Volt under the Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) round.
This consent application could allow the project to start generating power in the mid-2020s, making it the most advanced oil and gas decarbonisation project in the UK, the partners said.
Located 80 km east, offshore from Peterhead, the Green Volt project will use up to 35 floating wind turbines to deliver 500MW of renewable energy.
The project has the potential to generate enough green power to electrify all major oil and gas platforms in the Outer Moray Firth area.
The project will also deliver renewable electricity to consumers across the UK.
Green Volt will support The North Sea Transition Deal’s goal to halve offshore emissions by 2030, as well as making a significant contribution to meeting Scotland’s 2045 Net Zero target.
Nicol Stephen, CEO of Flotation Energy, said: “The Green Volt project will play a critical role in the electrification and decarbonisation of offshore oil and gas platforms in Scotland.
“We have been actively developing the project since 2020 and this consent application is a major milestone. It keeps us on track to deliver renewable power to the oil and gas sector by 2026.
“If these projects are not delivering green electricity to offshore facilities by the mid-2020s there is a real risk they will never happen.”