Vestavindar Wind Offshore Project is a 1,500MW offshore wind power project. It is planned in North Sea, Norway. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2027.
|Project Type||Total Capacity (MW)||Active Capacity (MW)||Pipeline Capacity (MW)||Project Status||Project Location||Project Developer||Offshore||1,500||–||1,500||Announced||Norway||Equinor; Vargronn|
The project is being developed by Equinor and Vargronn. These companies also have ownership stakes in the project.
The project cost is expected to be around $2,550m. The project will be spread over an area of 1,010km². The turbines will be mounted on a floating type foundation.
Post completion of the construction, the project is expected to get commissioned in 2027.
Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in various oil and gas provinces in the world. Equinor 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 offshore wind, carbon capture and storage, solar and hydrogen projects. Equinor is headquartered in Stavanger, Norway.
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.
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.