Trollvind Offshore Wind Project is a 1,000MW offshore wind power project. It is planned in North Sea, Vestland, Norway. 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 2024 and is expected to enter into commercial operation in 2027. Buy the profile here.

Description

The project is being developed and currently owned by ConocoPhillips, Equinor, Petoro, Shell and TotalEnergies. The owners have 20% stake in the project respectively.

The project is expected to generate 4,300,000MWh of electricity. The project cost is expected to be around $17,391.3m. The turbines will be mounted on floating type foundations.

Development status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2027.

For more details on Trollvind Offshore Wind Project, buy the profile here.

About ConocoPhillips

ConocoPhillips is an independent upstream oil and gas company. The company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. It has assets in North America, Africa, Europe, Asia and Australia. Its asset base includes resource rich North American shale and oil sands assets; lower risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and global conventional and unconventional exploration prospects. It has producing assets in US, the UK, Norway, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, and Libya. ConocoPhillips is headquartered in Houston, Texas, the US.

About Equinor

Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It explores for, develops and produces hydrocarbons. It operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in solar farm, offshore wind, carbon capture and storage and hydrogen projects with focus on renewable energy and low carbon solutions. Equinor has leading operations on the Norwegian continental shelf. It has operations in Europe, North and South America, Africa and Asia-Pacific regions. Equinor is headquartered in Stavanger, Norway.

About Petoro

Petoro AS (Petoro) is an oil and gas asset management company. Petoro manages the Norwegian state’s direct financial interests (SDFI) in Norwegian Continental Shelf (NCS) oil and gas assets to ensure maximum value and reach the highest possible income to the State from SDFI. The company has three major responsibilities assigned by the state government, namely, to manage the government’s holdings in the joint venture, to monitor Equinor’s marketing of the petroleum which is produced from the state’s direct financial interest in upstream assets, and to manage the government’s financial investments. The company is owned by the government of Norway. Petoro is headquartered in Stavanger, Norway.

About Shell

Shell plc (Shell), formerly Royal Dutch Shell Plc, is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world. Shell’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents. The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects. The company markets its products directly and indirectly through distributors in Europe, Asia, Oceania, Africa, North America, and South America. Shell is headquartered in London, England, the UK.

About TotalEnergies

TotalEnergies SE (TotalEnergies), formerly Total SE, is an integrated global multi-energy company, which generates energy from natural gas and green gases, oil and biofuels, and renewables. It carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. It carries out power generation and gas trading and operates in the renewable energy sector. TotalEnergies supplies feedstock to chemical plants, charters ships and trades on various derivative markets. The company serves consumers in the transportation, automotive, aerospace, energy, housing and manufacturing industries. It has operations in Asia-Pacific, Africa, Europe, the Middle East, and North and South America. TotalEnergies is headquartered in Paris, Ile de France, France.

GlobalData

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.