Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and Flotation Energy have inked exclusivity agreements for two floating offshore wind developments with an overall power generation capacity up to 1.9 GW. The agreements were signed under Crown Estate Scotland’s Innovation and Targeted Oil and Gas leasing round.
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Vårgrønn, a Norwegian offshore wind company, has finalised the acquisition of Plenitude’s stake in the 3.6 GW Dogger Bank offshore wind farm in the UK. Vårgrønn is a joint venture between HitecVision, a Norwegian energy investor, and Plenitude, Eni’s energy transition division.
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Plenitude (Eni) and HitecVision have signed an agreement to expand their Norwegian renewable energy joint venture (JV), Vårgrønn. Vårgrønn will be transformed into a tangible, full-cycle offshore wind player by the partners. The JV intends to have a total installed and sanctioned offshore wind capacity of 5GW by 2030, with a primary focus on markets in Northern Europe.
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