Green Volt Offshore Wind Farm is a 560MW offshore wind power project. It is planned in North Sea, Scotland, the UK. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the announced stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2029. Buy the profile here.

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The project is being developed by Flotation Energy and Vargronn. The project is co-owned by CNOOC Petroleum Europe, Flotation Energy and Vargronn, with their respective ownership stake of 33.33% each.

The project is expected to generate 1,500,000MWh electricity and supply enough clean energy to power 300,000 households. The project is expected to offset 500,000t of carbon dioxide emissions (CO2) a year. The turbines will be mounted on floating type foundations.

The wind power project consists of 30 turbines, each with 10MW nameplate capacity.

Development status

The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2029.

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About Flotation Energy

Flotation Energy Ltd (Flotation Energy), formerly Flotation Energy Plc, is a renewable energy company that develops and delivers offshore wind projects. The company offers identification and development services for both floating and fixed offshore wind farm projects. Its wind projects pipeline includes the Seadragon project, Morecambe, White Cross, Greystones, Blackwater, Cenos, and Green Volt projects. Flotation Energy works independently and in collaboration with other project developers such as Cobra Group, and Vargronn AS. The company operates with additional offices in the UK, Japan, Taiwan, and Australia. It is a subsidiary of Tepco Renewable Power Inc. Flotation Energy is headquartered in Edinburgh, Scotland, the UK.

About Vargronn

Vargronn (Vargronn) is a Norway-based renewable energy company. Vargronn to develop, construct, operate, and finance green energy and infrastructure projects in the Nordic markets. Vargronn is a joint venture company launched by Eni and HitecVision. The company headquartered in Norway.

This content was updated on 22 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.