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Odfjell Oceanwind and Source Galileo Norge forge floating wind cooperation

By: Tom Russell 09/11/2022 Odfjell Oceanwind

General Windfarms

Odfjell Oceanwind and Source Galileo’s new Norwegian branch, Source Galileo Norge AS, have signed an MoU to cooperate on developing floating wind parks using Odfjell Oceanwind’s technologies. The cooperation targets wind parks for the electrification of Oil & Gas installations, the Utsira Nord seabed development and selected floating wind parks in Europe.

According to the partnership, they will apply for a seabed lease on Utsira Nord where the project, named UtsiraVIND, will use Odfjell Oceanwind’s proprietary solutions and suppliers for industrial production of floating offshore wind units.

"This cooperation is very exciting for us in Odfjell Oceanwind," comments Per Lund, Odfjell Oceanwind’s CEO. "Over the last years we have, together with our partners, matured solutions and supply chains for floating offshore wind with primary focus on electrification of Oil & Gas installations. During recent months we have had dialogues with several consortia that intend to apply for seabed leases in the Utsira Nord area. These discussions have confirmed that our solutions are suitable and attractive for floating wind parks in general. Source Galileo and its management have already developed several offshore wind parks with great success. The connection to the European renewable energy platform Galileo provides the opportunity to realise major offshore wind parks like UtsiraVIND. Last but not least, this partnership represents an outstanding opportunity for us to export the solutions we have developed for the North Sea to other relevant areas. Our cooperation is a perfect combination of Norwegian technologies, international development and industrial execution capabilities as well as global export potential."

"Odfjell’s experience in designing, building and operating floating structures in the North Sea combined with our offshore wind development and finance competences make our partnership a very strong one," said Gunnar Birkeland, CEO of Source Galileo Norge. "Odfjell’s floating wind foundations provide for optimal production, safe and efficient operations, and is designed for effective assembly: three qualities which we value very highly. Together we will develop, own and operate safe and cost-efficient floating wind parks for the electrification of Oil & Gas installations, and for supplying green energy to the power grids in Norway and Europe. Source Galileo has many renewable energy projects under development in Northern Europe using solar photovoltaic, wind, hydrogen and battery technologies. We are looking forward to developing the first floating wind parks where Norwegian technology is combined with strong complementary suppliers from both Norway and Europe. This cooperation satisfies all qualitative and quantitative criteria for a winning team and unites like-minded people with very strong motivation."

Odfjell Oceanwind is a Norwegian floating offshore wind developer that combines Odfjell’s background in designing, building and operating floating units with Oceanwind’s experience developing floating offshore wind solutions. Odfjell Oceanwind was established to develop floating offshore wind solution for the electrification of Oil & Gas installations on the Norwegian continental shelf and has offices in Bergen, Stavanger and Oslo.

Source Galileo is a joint venture between Source Energie and Galileo who officially unveiled today (9 November 2022) that the two companies are joining forces for offshore wind development in Norway. The new firm, Source Galileo Norge, led by Gunnar Birkeland, CEO, will pursue offshore wind development in the Norwegian sea areas as they will be released by the Norwegian government over the next 10 years. Source Galileo Norge aims to develop, build, own and operate high quality offshore renewable energy assets.
As part of its technology focus, Source Galileo Norge is evaluating a number of floating offshore technologies and also working through a number of green hydrogen offtake solutions in Norway and neighbouring markets like the UK and Ireland.

Source Galileo is already active in developing offshore wind projects in Irish and UK waters as well as onshore renewable energy projects in the UK, with a current development potential of over 5 GW.

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

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Odfjell Oceanwind and Source Galileo Norge forge floating wind cooperation

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