Vattenfall and Seagust join forces in Norwegian offshore wind bid

Vattenfall and Norwegian company Seagust have formed a joint venture to bid for offshore wind areas in Norway’s upcoming licensing rounds. The joint venture represents Vattenfall’s entry into the Norwegian wind market.  

The joint venture intends to bid on licenses in both the Utsira Nord and Sørlige Nordsjø II areas in the North Sea. The Norwegian government has announced plans to build up to 4.5 gigawatts from both floating and bottom-fixed wind turbines, and the licensing rounds are expected to take place within 2022. 

Helene Biström Head of BA Wind Vattenfall says: “Norway is an attractive market to us with huge wind resources and we are delighted to see the growing support from the Norwegian government. This joint venture offers us a great chance to deliver affordable energy to industry and customers in line with our goal to enable a fossil-free living within one generation”.

Seagust was established in 2021 by industrial investment companies Arendals Fossekompani (AFK) and Ferd. Seagust has the ambition to become an offshore wind developer with domestic and international operation, backed by the owners’ experience, capital and industrial network.

Helene Biström continues:

“Seagust is a perfect partner for us since the owners have an impressive history and track-record of building industries, creating local jobs and focusing on sustainability at the same time. We are dedicated to be working closely with Seagust and Norwegian suppliers to pursue offshore wind opportunities in Norway”.

Simen Elvestad, CEO of Seagust, comments:

“We are thrilled to co-operate with Vattenfall, one of Europe’s largest operators of offshore wind. They have experience in leading every phase of a project, from consenting, construction and through to operation. Their track record of successful offshore wind projects is truly impressive. Our joint venture is now positioned as a top contender in the initial round of licensing of Norwegian offshore wind resources”.

ABOUT SEAGUST: 

Seagust was established in 2021 by industrial investment companies Arendals Fossekompani (AFK) and Ferd. Seagust has the ambition to become an offshore wind developer with domestic and international operations, backed by the owners´ significant experience, capital and industrial network. To read further click here

ABOUT VATTENFALL: 

Vattenfall is a leading European energy company, which for more than 100 years has electrified industries, supplied energy to people’s homes and modernised our way of living through innovation and cooperation. Vattenfall employs approximately 20,000 people and has operations mainly in Sweden, Germany, the Netherlands, Denmark and the UK. Vattenfall is a leading player in wind, with around 4 GW in operations, more than 2 GW under construction and above 6 GW in development. For more information click here

For more information, please contact:

Henrik Svensson, Press Officer  +46 73 079 70 47, henrik3.svensson@vattenfall.com 

Vattenfall Press Office +46 (0)8 739 5010, press@vattenfall.com

Simen Elvestad, CEO, Seagust, +47 900 84 902,  post@seagust.no

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