TechnipFMC has entered into an agreement with Magnora in Norway to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind
Magnora holds a position in the renewable energy sector as an owner of offshore wind, onshore wind and solar development projects.
In a statement, TechnipFMC said teaming up with Magnora would enable the new venture to draw on TechnipFMC’s technology and experience delivering integrated EPCI projects, and its ‘Deep Purple’ green hydrogen concept, to realise opportunities in the growing floating wind market.
Magnora Offshore Wind has already started work on an application for the first round of the Scottish Government’s ScotWind Leasing programme. In addition, Magnora Offshore Wind will participate in the first offshore wind application round in Norway, which opens later in 2021 and will also consider entering new markets in the coming months.
TechnipFMC president subsea Jonathan Landes 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 share of the offshore renewable 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.”
Magnora executive chairman Torstein Sanness said, “Coupled with TechnipFMC’s project management competence and extensive service and technology portfolio, we can provide a market-leading floating wind offering. Deep Purple, which utilises offshore wind to produce green hydrogen, is another exciting avenue we will be jointly looking to explore.”
Magnora first announced it had entered into a partnership with a leading energy player in January 2021, but did not disclose the identity of the company.
Earlier in 2021, Innovation Norway granted financial support to realise a €9M (US$11M) Deep Purple pilot project.
The pilot project will enable TechnipFMC to continue developing the offshore wind-to-green hydrogen concept, which it has been working on since 2016, supported by the Research Council of Norway.
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