Green Volt Receives Order For Floating Wind Project in Europe

Green Volt Receives Order For Floating Wind Project in Europe

Offshore wind developers’ flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, announced that their floating offshore wind project, Green Volt, was granted offshore planning approval. With onshore consent announced earlier this month, Green Volt has received all its planning approvals and remains on track to be the first commercial-scale offshore windfarm in Europe.

When completed, Green Volt plans to include up to 35 floating wind turbines and provide up to 560 MW of renewable energy capacity. As part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. The project is expected to deliver renewable electricity to oil and gas platforms, replacing existing natural gas and diesel power generation. Green Volt also plans to provide electricity to the UK grid. Green Volt is expected to reduce carbon emissions by 1m tonnes per annum. The Green Volt is 50% owned by Flotation Energy and 50% by Vårgrønn.

“It is great news that we have consented to the first project in the Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round – this is a significant milestone that will help secure Scotland’s place at the forefront of floating wind technology. Scotland is one of the best places in the world to develop offshore wind and its supply chain and we are determined to maximize the huge economic opportunity offshore wind can bring. We have already underlined our commitment to making Scotland a global leader in offshore wind by committing to invest up to £500m over 5 years to catalyze private investment in the infrastructure and manufacturing facilities critical to the growth of the sector.”

“Investor confidence in Scotland’s renewable sector is growing as illustrated by significant investments in ScotWind leasing rounds and in the ports and supply chain infrastructure facilities that will enable the sector to develop. We have a strong record of delivering robust consents, ensuring the right projects are built in the right place at the right time. Ahead of the Allocation Round 6 (AR6) application window closing, the relevant consents and marine licenses were issued for two floating offshore wind projects as well as one wave and three tidal energy projects, allowing all of them to go forward.”

Humza Yousaf First Minister of Scotland said, “It is fantastic to have received the green light to deliver the world’s biggest floating offshore wind project, right here in the Scottish North Sea. This major milestone places Flotation Energy and our Joint Venture Partner, Vårgrønn, firmly at the heart of the energy transition.”

He said, “Gaining consent just over a year after our seabed exclusivity was awarded is a testament to the commitment, speed, and determination of our Green Volt team, the Scottish Government, and its key agencies.

He added elaborated, “Green Volt is of international significance, placing Scotland at the leading edge of a new floating wind sector. This multi-billion-pound development can now move forward confidently, creating hundreds of local jobs and proving that the UK and Scottish supply chain is ready to deliver commercial-scale floating projects, at pace.

He further elaborated “Flotation Energy is headquartered in Scotland with its roots firmly in Aberdeen and the North East. We are already drawing on the world-class energy skills and experience of the region – and now look forward to doing far more.”