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Tuesday
08 Nov 2022

Oil Firm Equinor Looks to Celtic Sea for Floating Wind Development

08 Nov 2022  by reuters.com   

Equinor's logo is seen at the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins

Norwegian oil and gas major Equinor (EQNR.OL) on Monday said it was interested in developing a "gigawatt scale" floating offshore wind project off the coast of Britain in the Celtic Sea in connection with an upcoming seabed leasing round.

The project is part of Crown Estate plans to offer leases to the industry next year, Equinor said in a statement. The Estate manages the seabed and half the foreshore around England, Wales and Northern Ireland.

Equinor already operates the small Hywind floating offshore wind farm (30 megawatt), off the northeast coast of Scotland, and is a partner in several other British offshore wind farms.

Floating wind farms are more expensive to develop than turbines that are fixed to the seabed but can be located in deeper waters.

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