(Source: BP Plc)
BP has agreed to join Norway’s Statkraft and Aker Offshore Wind in a consortium to bid for permits to build wind power projects offshore Norway, the companies said on June 14.
The partnership—in which BP, Statkraft and Aker Offshore Wind will each hold a 33.3% share—will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) license area.
The area is suitable for bottom-fixed wind power platform and sits on a maritime border with Denmark, providing a potential to export electricity to neighboring markets.
The consortium also intends to explore opportunities to provide clean power to electrify offshore oil and gas facilities. The partnership would work with local suppliers, building industrial competencies for Norway’s offshore wind market, and contribute toward value creation in the Nordic and European energy market.
BP has interests in the offshore wind sector in the both the U.S. and U.K. and a longstanding onshore wind business in the U.S. It brings strong North Sea development and operating experience, international energy trading capabilities and a disciplined financial framework to the partnership.
Aker brings to the project its learnings and know-how from five decades of designing and executing offshore projects in the North Sea as a supplier, developer and operator. Aker Horizons will work closely with the consortium on topics including strategy and financing, and the partnership will also benefit from the broad capabilities of other Aker companies, including Cognite and Aker Solutions.
With BP joining the Norwegian consortium, energy cooperation between Norway and the United Kingdom is also further strengthened.
“Our partnership has the potential to redefine Norway’s position as an energy nation, and the consortium’s joint capabilities are building blocks to lead the energy transition. Together with Statkraft and BP we will work to develop the Norwegian offshore wind industry, reduce emissions and create new jobs,” Kristian Røkke, CEO of Aker Horizons, said.
Recommended Reading
Standard Lithium Names New CFO, Chief Accounting Officer
2023-09-25 - Salah Gamoudi, one of Hart Energy’s 2022 Forty Under 40 honorees, previously served as CFO and executive vice president of SandRidge Energy Inc.
Unit Corp. Promotes Dylan Cope to Chief Accounting Officer
2023-09-18 - Cope was previously Unit Corp.’s business operations controller.
Team Inc. Names Michael Caliel as Executive Chairman
2023-11-08 - As executive chairman, Caliel will focus on Team Inc.’s long-term corporate strategy, growth opportunities, profit improvement, enhancing enterprise and advising the management team.
Vital Energy Promotes Katie Hill to COO
2023-11-14 - Vital Energy is promoting Katie Hill to senior vice president and COO effective Nov. 13, the company said.
COP28: Victories, Challenges Still Facing Climate Agenda
2023-12-01 - COP28 gives the private sector—including those from the oil and gas industry—and other delegates an opportunity to chime in on the global climate agenda set by world leaders.