Green Volt advances with onshore planning approval

Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have announced that its floating offshore wind project Green Volt has been granted full onshore planning approval. This marks a significant milestone in the development of the most progressed commercial-scale floating wind farm in Europe. Green Volt is 50% owned by Flotation Energy and 50% by Vårgrønn.

When completed, Green Volt will provide up to 560 MW of renewable energy capacity. The project will deliver electricity to oil and gas platforms, replacing power currently generated by gas and diesel turbines. Green Volt will also provide electricity to the UK grid.

As part of the North Sea Transition Deal, oil and gas operators have agreed to deliver 50% reduction in offshore greenhouse gas emissions by 2030. A new emission reduction plan published by North Sea Transition Authority in March 2024 places electrification of offshore platforms at the centre of emissions reductions.

The global floating offshore wind market is expected to reach 300 GW, in the next 30 years. Green Volt incorporates local content evaluation as a key part of its procurement evaluation criteria, maximising opportunities for suppliers in Scotland and the wider UK.

As Green Volt moves forward with its development, the project remains committed to engaging with on and offshore stakeholders, upholding rigorous environmental stewardship practices.



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