Aker subsidiaries Aker Horizons and Aker Offshore Wind are to co-operate with generator Statkraft to explore opportunities for collaboration on offshore wind projects on the Norwegian Continental Shelf
The companies will work together and utilise their complementary skills and expertise to explore the possibility of developing and operating large-scale offshore windfarms in Norway. By harnessing the offshore wind resource in the North Sea, the parties aim to one day export green electricity to European customers.
Initially, the partners will explore the opportunity for bottom-fixed offshore wind at Sørlige Nordsjø II, for which they will establish an integrated project team, equally split between Aker Offshore Wind and Statkraft, for joint preparation and submission of an acreage application and further development activity.
Together, the parties are also evaluating export possibilities to Europe and the UK and electrifying oil and gas assets for possible value-adding offtake.
Aker ASA president and chief executive Øyvind Eriksen said, “Statkraft has been making clean energy possible for over a century. A partnership that couples Europe’s largest renewable energy producer with Aker’s 180-year track record and industrial expertise, especially on the NCS, has the potential to redefine Norway as an energy nation.
“Norway’s leading offshore industry, including a strong supplier industry, means we already have the building blocks and capabilities in place to be at the forefront of the energy transition. We look forward to working with Statkraft to develop the offshore wind industry further, reducing emissions and creating new jobs for the future.”
Statkraft chief executive Christian Rynning-Tønnesen said, “By co-operating with Aker Horizons and Aker Offshore Wind, we are exploring a value-creative opportunity in Norway. We have expertise in the development and operation of wind power and have previously been engaged in offshore wind in the UK.
“Strong growth, falling technology costs and a changed competitor landscape indicates that offshore wind will take a larger role in the European energy transition. We see co-operation with Aker Offshore Wind as an opportunity for substantial value creation and as an opportunity to accelerate Europe’s green transition.”
Aker Offshore Wind will play a leading role in the construction phase of projects the partners address. As the largest provider of green electricity in Europe, Statkraft will lead the operations phase and the marketing of electricity generated. Aker Horizons will play an active role in the overall management of the co-operation, adding value with its expertise within financial structuring, strategy project execution and deploying digital solutions.
Aker Horizons chief executive Kristian Røkke said, “This co-operation agreement comes at a time when we see large global ambitions for offshore wind development and a window of opportunity to put Norway at the forefront of a growing global industry.
“For Sørlige Nordsjø II, we have already identified and will leverage key differentiators, including Statkraft’s renewable energy track record and Aker’s deep domain expertise. Capabilities and experience across the Aker Horizons portfolio, which we significantly strengthened with the recent addition of Mainstream Renewable Power, will be mobilised to support Aker Offshore Wind in the development and implementation of the project.”