Invenergy and BW Offshore to develop offshore wind projects
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Invenergy and BW Offshore to develop offshore wind projects

08 Sep 2021 (Last Updated September 8th, 2021 15:34)

The two companies have previously developed large-scale power projects by utilising local supply chains.

US-based renewable energy developer Invenergy has announced a joint venture with BW Offshore, a Norwegian company that owns and operates floating production storage and offloading vessels.

The companies have agreed to develop offshore wind projects with up to 5.4GW of capacity as part of the first ScotWind leasing round.

They will develop both fixed and floating offshore wind projects off the north-east coast of Scotland.

Both companies have experience developing large-scale energy projects by utilising local supply chains and forming local project teams.

Invenergy senior executive vice-president and construction business leader Bryan Schueler said: “We are uniquely positioned to deliver innovative offshore wind infrastructure to Scotland through leveraging Invenergy’s decades of experience, expertise in leading complex projects to completion and network of strategic supplier relationships such as with GE Renewable Energy.

“This joint venture represents an important milestone in furthering our partnership with BW Offshore and Invenergy’s continued investment in Scotland and its clean energy future.”

BW Offshore chief executive Marco Beenen said: “Together, we represent a unique blend of expertise and ambition to deliver the next phase of energy transition in Scotland, bringing substantial international project development experience and a strong track record for local value creation.

“ScotWind will play a critical role in delivering the nation’s offshore wind targets and our ambition is to be a central part of this journey, committed to working with Scotland’s supply chain to accelerate the energy transition.”

In May, Invenergy and liquefied natural gas (LNG) solution provider BWLNG secured a financial package for Energía del Pacífico, an LNG-to-power project in El Salvador.

The companies secured $128.3m from IDB Invest to finance the project’s floating storage and regasification unit component.

In April, Invenergy contracted GE Renewable Energy to supply turbines for three wind farms in Oklahoma, with a combined capacity of 1485MW.