Renewables

Contract Signed for First Major Offshore Wind Project on the Norwegian Continental Shelf

Minister of Energy, Terje Aasland met with the leadership of Ventyr SN II, the company responsible for developing the first major offshore wind project on the Norwegian continental shelf. They celebrated the signing of the contract earlier this week.

“This marks a significant milestone in Norway’s commitment to renewable energy. I firmly believe that Sørlige Nordsjø II can be a catalyst for achieving our ambitions in the offshore wind industry. This project also presents an opportunity for the Norwegian supply industry to play a central role in a new industrial era,” said Minister of Energy, Terje Aasland.

Ventyr SN II is jointly owned by Parkwind, part of the global renewable energy company, JERA Nex, and Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer. Parkwind brings extensive knowledge and expertise in developing, financing, constructing, and operating offshore wind farms in the European market. Ingka Investments contributes financial resources as part of its sustainability focus and transition towards renewable energy. The consortium also has a strategic partnership with NorSea Group, a Norwegian supplier company with extensive experience in ports and bases.

"Ventyr is excited to take the next step in the development of the Sørlige Nordsjø II project. Together, we are fully committed to drive positive change through innovation in renewable energy and bringing this project to fruition while delivering tangible benefits to local communities and to Norway as a whole. We are honored to be part of Norway’s renewable energy future and contribute to its ambition to deliver 30 GW of offshore wind power by 2040," added François van Leeuw on behalf of Ventyr.

Background on the government’s offshore wind initiative:

The government has an ambition to award areas that has potential for 30,000 MW of offshore wind production by 2040. In 2020, the first areas on the Norwegian continental shelf were opened for offshore renewable energy production, and the authorities have since worked to further develop the regulatory framework in close cooperation with the industry and other users of the sea.

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