Green Investment Group’s offshore wind business, Corio Generation, has teamed up with Norwegian renewable energy developers Vårgrønn and Å Energi to develop sustainable offshore wind projects in Norway. 

The trio have launched Brigg Vind, a consortium expected to initially target the first round of awards for offshore wind in the Sørlige Nordsjø II area, in the Southern part of the North Sea.

In December last year, the Norwegian government announced its intention to award up to 1500MW of capacity in the first phase of the Sørlige Nordsjø II by the end of 2023.

Jonathan Cole, CEO of Corio Generation, said the joint team combines Corio’s industrial “expertise in offshore wind development and deep access to capital with our partners’ excellent knowledge and capabilities in the Norwegian energy market”.

Steffen Syvertsen, group CEO of Å Energi, said: “Å Energi’s ambition is to be a forward-looking offshore wind developer helping to create a world-class offshore wind industry in Norway.

“In addition to contributing to more renewable power production, offshore wind provides a great opportunity for Norway to create jobs, increase activity in the supplier industry and local ripple effects.”

Olav Hetland, CEO of Vårgrønn, said: “We see huge commercial potential in the Norwegian offshore wind market. We see 50GW by 2050 as a realistic target. Together with our partners, we are now ready to deliver the first round of projects by 2030.”

Vårgrønn, a joint venture between Eni’s renewables business Plenitude and Norwegian asset manager HitecVision, is the project manager for the Brigg Vind consortium.

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