N3 Offshore Wind Project is a 495MW offshore wind power project. It is planned in North Sea, Scotland, the UK. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2027.
|Project Type||Total Capacity (MW)||Active Capacity (MW)||Pipeline Capacity (MW)||Project Status||Project Location||Project Developer||Offshore||495||–||495||Announced||Scotland, the UK||Magnora|
The project is being developed and currently owned by Magnora.
The project cost is expected to be around $2,221.312m. The project will be spread over an area of 103km².
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2027.
Magnora ASA (Magnora) is an oil and gas company that offers engineering, design, and project execution of floating units for offshore applications. The company’s floating production units include Hummingbird spirit, Voyageur spirit, Piranema spirit, Goliat FPSO and Western Isles FPSO, among others. Magnora drilling units comprise Seven Brasil, Seven Louisiana, Seven drillers, and Seven UDW4, among others. The company uses cylindrical hull technology for applications such as mobile offshore drilling units, and floating production storage and offloading units. Magnora offers its units and services for processing plants. The company has its operations in Arendal, Lysaker, and Bergen, Norway. Magnora is headquartered in Oslo, Norway.
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.