Vattenfall and Norwegian company Seagust have formed a joint venture (JV) to bid for offshore wind areas in Norway’s upcoming licensing rounds.
The JV, which marks Vattenfall’s entry into the Norwegian wind market, intends to bid on licenses in both the Utsira Nord and Sørlige Nordsjø 2 areas in the North Sea.
The Norwegian government has announced plans to build up to 4.5GW from both floating and bottom-fixed wind turbines, and the licensing rounds are expected to take place within 2022.
Helene Biström, head of BA wind Vattenfall, 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”.
Seagust was established in 2021 by industrial investment companies Arendals Fossekompani (AFK) and Ferd.
Biström added: “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.”