Jobs to Come at Energy Firms to Decarbonise North Sea

March 24, 2023

Wind farms

Crown Estate Scotland has announced the developers who have obtained seabed rights to develop offshore wind projects to power oil and gas platforms and supply millions of Scottish home with clean energy.

Thirteen bids have been successful in the world’s first leasing round designed to enable offshore wind energy to directly supply North Sea platforms.

Supply chain opportunities and jobs

The INTOG (Innovation and Targeted Oil & Gas) leasing process was created to help achieve the targets of the North Sea Transition Sector Deal by decarbonising North Sea oil and gas operations. It will also further stimulate innovation in Scotland’s offshore wind sector, create additional supply chain opportunities, help companies to enter the renewable energy market, and support net-zero ambitions.

The process will generate about £262m in applicant fees and once projects are operating, further revenues will be secured. And it is also likely to secure and create a lot of North Sea offshore jobs.

Among the successful bidders is Flotation Energy, an offshore wind developer from Edinburgh, which together with Norwegian partner Vårgrønn, will develop two large floating wind farms.

They have exclusive rights to develop up to 1.9 GW of capacity at Green Volt and Cenos in the North Sea. Together they will generate billions of pounds in investment and thousands of jobs both offshore and onshore.

Among the successful bidders is Flotation Energy, an offshore wind developer from Edinburgh, which together with Norwegian partner Vårgrønn, will develop two large floating wind farms.

They have exclusive rights to develop up to 1.9 GW of capacity at Green Volt and Cenos in the North Sea.
Together they will generate billions of pounds in investment and thousands of jobs both offshore and onshore.

Simultaneously, up to 7 TWh of energy from the projects will be supplied to the UK’s national grid annually, providing homes and businesses with green electricity.

The projects are anticipated to cut emissions by three million tonnes of carbon each year, at the same time supporting the commercialisation of floating offshore wind technology.

Vårgrønn is targeting 5 GW installed offshore wind capacity by 2030 in the northern European market.

Vårgrønn is a joint venture between Plenitude (Eni) and HitecVision. It holds a 20% stage in the UK’s Dogger Bank project, the world’s largest offshore wind farm under construction, and is also developing floating and bottom-fixed offshore wind projects in Norway.

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