Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

FACTBOX-Potential bidders in Norway's first offshore wind tender

06/09/2021 | 07:30am EDT

OSLO, June 9 (Reuters) - Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating and bottom-fixed wind turbine capacity and will identify additional offshore areas for development amid strong interest from energy firms.

Utsira Nord, an area of 1,000 square km (386.1 square miles), is located northwest of the oil industry capital Stavanger and is seen as suitable for floating wind power.

Soerlige Nordsjoe II, some 2,590 square km and bordering the Danish sector of the North Sea, is suitable for bottom-fixed wind power turbines.

Companies and joint ventures likely to participate include the following:

Denmark's Orsted has formed a consortium with Fred. Olsen Renewables, a subsidiary of Bonheur and utility Hafslund-Eco, which plans to jointly develop offshore wind in both areas.

Equinor will seek acreage in both areas. It is planning a bid with Eni renewables unit Vaargroenn for a floating offshore wind farm at Utsira North and has teamed up with Germany's RWE and Norsk Hydro for a planned wind farm at Soerlige Nordsjoe II.

Germany's EnBW and several Norwegian partners, including wholesale and retail food supplier Norgesgruppen, have announced the Norseman Consortia initiative to develop a 1.4 GW wind farm in the Soerlige Nordsjoe II area.

Aker Offshore Wind (>> Aker Offshore Wind AS) is planning the 0.5 GW Vestavindar project at Utsira Nord and the 1.2 GW Soennavindar project at Soerlige Nordsjoe II. It has entered a partnership with top utility Statkraft to develop the latter site.

Italy's Eni and Norway's HitecVision have formed the Vaargroenn joint venture and seek acreage at Soerlige Nordsjoe II together with utility Agder Energi .

Magnora and TechnipFMC plan to bid for a site at Utsira Nord through their Magnora Offshore Wind partnership.

Deep Wind Offshore, a joint venture of shipping company Knutsen OAS and utilities Haugaland Kraft and Sunnhordland Kraftlag, plans projects for both sites.

Seagust, a joint venture by industrial investment firms Arendals Fossekompani (AFK) and Ferd, is considering bids for both areas.

A joint venture of offshore supply firm NorSea, majority owned by shipping firm Wilhemsen, and Belgian offshore wind development firm Parkwind has said it plans to apply for licences in both areas.

Shell has said it is considering a participation in the tenders and that its sees large potential in Norwegian offshore wind. (Reporting by Nora Buli; Editing by Barbara Lewis and Jan Harvey)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AKER ASA 3.43% 694 Real-time Quote.19.82%
AKER OFFSHORE WIND AS 3.72% 5.016 Real-time Quote.-54.38%
AKER SOLUTIONS ASA 2.81% 18.3 Real-time Quote.8.21%
ARENDALS FOSSEKOMPANI ASA -1.90% 309 Real-time Quote.71.20%
BONHEUR ASA -0.16% 306 Real-time Quote.26.65%
ENBW ENERGIE BADEN-WÜRTTEMBERG AG -0.79% 75.4 Delayed Quote.35.71%
ENI S.P.A. 2.32% 11.186 Delayed Quote.27.89%
EQUINOR ASA 2.21% 210.9 Real-time Quote.42.36%
HITECVISION AS 0.00% 130 End-of-day quote.62.50%
LONDON BRENT OIL 0.65% 79.36 Delayed Quote.49.38%
MAGNORA ASA -0.44% 17.92 Real-time Quote.-34.31%
NORSK HYDRO ASA -0.62% 64.5 Real-time Quote.62.82%
ORSTED A/S -1.59% 890 Delayed Quote.-27.27%
RETAIL FOOD GROUP LIMITED 3.75% 0.083 End-of-day quote.2.47%
RWE AG 0.81% 32.31 Delayed Quote.-7.29%
TECHNIPFMC PLC 5.13% 7.58 Delayed Quote.-23.30%
WILH. WILHELMSEN HOLDING ASA -0.85% 176 Real-time Quote.5.03%
WTI 0.82% 75.431 Delayed Quote.52.07%
Latest news "Economy & Forex"
05:55pRefinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data -CFTC
05:54pU.S. environment agency urged by 21 states to toughen vehicle emissions rewrite
05:39pChile cenbank to decide on roll-out of digital currency in 2022
05:37pGM backs vehicle emissions reductions goals in EPA proposal
05:34pDogecoin Lost 3.36% to $0.201 at 5 p.m. ET -- Data Talk
05:34pEthereum Lost 3.67% to $2974.94 at 5 p.m. ET -- Data Talk
05:34pThe WSJ Dollar Index Rises 0.08% to 87.97 -- Data Talk
05:34pBitcoin Lost 2.09% to $42695.70 at 5 p.m. ET -- Data Talk
05:34pEuro Lost 0.21% to $1.1696 -- Data Talk
Latest news "Economy & Forex"