Norwegian government-run Enova has approved funding of up to NOK 2.3 billion (US$256 million) to support a project that would develop the world’s first floating offshore wind farm to power offshore oil and gas installations in the northern North Sea.
The Hywind Tampen project proposes supplying electricity from a floating offshore wind farm to the Equinor-operated Gullfaks and Snorre fields. By tapping renewable energy resources, it is estimated that CO2 emissions would be reduced by more than 200,000 tonnes per year, equivalent to emissions from 100,000 private cars.
The offshore wind farm will consist of 11 floating wind turbines with a total capacity of 88 MW, enough to meet around 35% of the annual electricity needed fo the five existing oil and gas platforms at the Gullfaks and Snorre fields. During periods of high winds, the percentage could even be much higher.
Illustration courtesy Equinor
“The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating offshore wind farms and renewable energy supplies. With this support we have taken an important step forward in realising the project. Now it is up to the licences to further mature the project towards a final investment decision this autumn,” says Pål Eitrheim, executive vice president for New Energy Solutions in Equinor.
Earlier, the Business Sector’s NOx Fund decided to support the Hywind Tampen project by an investment grant of up to NOK 566 million.
“The Hywind Tampen project will contribute to further developing floating offshore wind technology and reducing the costs of future floating offshore wind farms, offering new industrial opportunities for Norway, the licences and Norwegian supplier industry in a growing global offshore wind market,” says Olav-Bernt Haga, project director for Hywind Tampen.
The seven partners in the Snorre and Gullfaks licences will potentially to make an investment decision for the Hywind Tampen project this fall.
Parnters in the Gullfaks license include Equinor Energy AS (51%), Petoro AS (30%), and OMV (Norge) AS (19%). Snorre license partners include Equinor Energy AS (33.3%), Petoro AS (30%), ExxonMobil Exploration and Production Norway AS (17.5%), Idemitsu Petroleum Norge AS (9.6%), DEA Norge AS (8.6%), and Vår Energi AS (1.1%)
by David Shepardson (Reuters) – The U.S. Senate Commerce Committee will consider President-elect Joe Biden’s nomination of Rhode Island Governor Gina Raimondo to head the Commerce Department in a hearing...
By Daphne Psaledakis WASHINGTON, Dec 16 (Reuters) – The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the...
Inmarsat’s newest and most powerful geostationary satellite to date has entered into commercial service, the company announced today. Inmarsat said that the introduction of its GX5 satellite will provide additional...
December 10, 2020
Total Views: 3358
Sign Up Now for gCaptain Daily
Just enter your email and get hot news every morning
We use cookies on our website to give you the most relevant experience. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.