The following press release has been published today:
Bergen and Haugesund, 9 November 2022
Odfjell Oceanwind and Source Galileo’s Norwegian branch, Source Galileo Norge AS, have signed an MoU to cooperate on developing floating wind parks using Odfjell Oceanwind’s technologies. The cooperation targets wind parks for the electrification of Oil & Gas installations, the Utsira Nord seabed development and selected floating wind parks in Europe. The partnership will apply for a seabed lease on Utsira Nord where the project, named UtsiraVIND, will use Odfjell Oceanwind’s proprietary solutions and suppliers for cost-competitive, industrial production of floating offshore wind units.
«This cooperation is very exciting for us in Odfjell Oceanwind», comments Per Lund, Odfjell Oceanwind’s CEO. «Over the last years we have, together with our partners, matured solutions and supply chains for floating offshore wind with primary focus on electrification of Oil & Gas installations. During recent months we have had dialogues with several consortia that intend to apply for seabed leases in the Utsira Nord area. These discussions have confirmed that our solutions are suitable and attractive for floating wind parks in general. Source Galileo and its management have already developed several offshore wind parks with great success. The connection to the European renewable energy platform Galileo provides the opportunity to realise major offshore wind parks like UtsiraVIND. Last but not least, this partnership represents an outstanding opportunity for us to export the solutions we have developed for the North Sea to other relevant areas. Our cooperation is a perfect combination of Norwegian technologies, international development and industrial execution capabilities as well as global export potential.»
«Odfjell’s experience in designing, building and operating floating structures in the North Sea combined with our offshore wind development and finance competences make our partnership a very strong one», says Gunnar Birkeland, CEO of Source Galileo Norge. «Odfjell’s floating wind foundations provide for optimal production, safe and efficient operations, and is designed for effective assembly: three qualities which we value very highly. Together we will develop, own and operate safe and cost-efficient floating wind parks for the electrification of Oil & Gas installations, and for supplying green energy to the power grids in Norway and Europe. Source Galileo has many renewable energy projects under development in Northern Europe using solar photovoltaic, wind, hydrogen and battery technologies. We are looking forward to developing the first floating wind parks where Norwegian technology is combined with strong complementary suppliers from both Norway and Europe. This cooperation satisfies all qualitative and quantitative criteria for a winning team and unites like-minded people with very strong motivation.»
Odfjell Oceanwind is a Norwegian floating offshore wind specialist that combines Odfjell’s 50 years of maritime tradition and experience in designing, building and operating floating units in harsh environments with Oceanwind’s 20 years of experience in developing floating offshore wind solutions. Odfjell Oceanwind was developed to accelerate floating offshore wind through electrification of Oil & Gas installations on the Norwegian continental shelf and has offices in Bergen, Stavanger and Oslo.
Source Galileo is a joint venture between Source Energie and Galileo, with offices in Ireland, the UK and Norway. The company develops renewable energy projects in Northern Europe.
Galileo is a leading green energy platform created to develop, own and operate large renewable energy plants across Europe. The company is backed by long-term investors comprising Infratil Limited, Morrison & Co Infrastructure Fund, Commonwealth Superannuation Corporation and New Zealand Superannuation Fund.
UtsiraVIND is a consortium between Source Galileo Norge and Odfjell Oceanwind that intends to compete for seabed leases in the Utsira Nord area.
Per Lund, CEO
Odfjell Oceanwind AS
Tel.: +47 918 74 363
Gunnar Birkeland, CEO
Source Galileo Norge AS
Tel.: +47 909 81 029