A new joint venture has been announced of TechnipFMC and Oslo-listed renewables firm Magnora, which is planning to participate in the ScotWind offshore leasing round.
The alliance between the energy services giant and the renewables operator is aimed at realising “significant opportunities” in the growing offshore wind market.
It will also be able to integrate wind and wave energy with offshore green hydrogen.
The TechnipFMC – Magnora JV, which will be called Magnora Offshore Wind, has “started work on an application for the first round of seabed leasing through the Scottish government’s ScotWind leasing programme”.
ScotWind is hotly-anticipated after a similar leasing round for England attracted bids as high as £900million from the likes of BP/EnBW for entry to the market.
It has, consequently, been delayed as ministers re-assess the leasing round to ensure maximum value, which has been the subject of industry frustration.
Magnora Offshore Wind will also participate in the first offshore wind application round in Norway, which opens this year, and “will also consider entering new markets in the coming months”.
Jonathan Landes, president of Subsea at TechnipFMC, said: “Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects.
“This partnership reflects TechnipFMC’s ambition to capture a significant position in the renewable offshore energy market. We are delighted to support Magnora Offshore Wind by providing our expertise and know-how in bringing innovative offshore energy solutions to the market.”
Torstein Sanness, executive chairman of Magnora, says: “In Magnora you find some of the world’s leading experts within wind development. Coupled with TechnipFMC’s project management competence and extensive service and technology portfolio, we believe we can provide a market-leading floating offshore wind offering. TechnipFMC’s ‘Deep Purple™’ initiative, which utilizes offshore wind to produce hydrogen for offshore assets, is another exciting avenue we will be jointly looking to explore.”