3 September 2024
Breakthrough success for Green Volt floating windfarm in renewable power auction
Leading offshore wind developers Flotation Energy and Vårgrønn today announce that their pioneering floating offshore wind project, Green Volt, has been successful in winning a UK Government Contract for Difference.
Green Volt is a hugely exciting project that will not only supply clean power to the grid, but also help the oil and gas industry meet its goal of halving emissions by 2030.
”This award is a clear vote of confidence from the UK Government in our plans to build Europe’s first commercial scale floating offshore wind farm. It is fantastic news for both our project and the wider floating offshore wind sector. Green Volt will stimulate investment in new port infrastructure, helping accelerate the development of more floating windfarms. We look forward to expanding our dialogue with the supply industry.”
Stephen BullCEO of Vårgrønn
”Scotland is already a global pioneer in floating wind. This funding will kickstart the next phase of Europe’s largest floating wind project 80 km off the coast of Northeast Scotland. Green Volt is a huge £2.5 billion project. It will create over 2,800 jobs during construction. Once operational, the floating offshore windfarm will supply clean power to the UK grid, while also supplying renewable electricity to nearby oil and gas platforms.”
Nicol StephenCEO of Flotation Energy
The Government aims to reach 5GW of floating offshore wind by 2030 and today’s news is a really important step towards this target.