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bp, Aker and Statkraft join forces for Norwegian auction

By: Tom Russell 15/06/2021 bp

General Windfarms

bp has agreed to join Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind energy in Norway.

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 licence area.

The Sørlige Nordsjø II location provides power export access to local and adjacent markets. The consortium also intends to explore opportunities to provide clean power to electrify offshore oil and gas facilities. The partnership outlined that it 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.

Dev Sanyal, bp’s executive vice president of gas and low carbon energy, said: “bp aims to grow our renewables business at scale and we see great opportunities in offshore wind energy. We have decades of offshore experience in the North Sea and will also bring our extensive trading capabilities and strong relationships in Europe. Coming together with Aker and Statkraft, we believe this consortium will be ideally positioned to effectively and efficiently grow and deliver clean power for European markets, as well as strengthen the supply to Norway when needed.”

Christian Rynning-Tønnesen, chief executive of Statkraft, said: “We have extensive capability from the development and operation of onshore wind around the world and experience in significant offshore wind projects in the United Kingdom and Ireland. Strong growth, decreasing technology costs and the involvement of industrial and financial players all indicate the rising role that offshore wind will play in Europe. Our partnership with Aker and bp will create significant value and contribute towards Europe’s energy transition.”

Kristian Røkke, Chairman of Aker Offshore Wind and CEO of Aker Horizons, added: “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.”

Sørlige Nordsjø II lies far from land and borders on the Danish Economic Zone, south-east in the North Sea. According to a recent announcement from Norway's Minister of Petroleum and Energy, Tina Bru, it can be developed on a commercial basis – with no state aid. Bru revealed that the auction for Sørlige Nordsjø II is slated for Q1 2022.

It is anticipated that the Norwegian government will award 2 or 3 project areas in Sørlige Nordsjø II for development. The award will be based on a two-stage process. The first step is a qualification-process. The second step will be an auction where the qualified companies/consortias can participate.

For more information on offshore wind farms worldwide, click here.

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bp, Aker and Statkraft join forces for Norwegian auction

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