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Plenitude Secures Major Offshore Wind Auction in the UK

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Plenitude Secures Major Offshore Wind Auction in the UK

04 ott 2024

Plenitude, through its joint venture Vargronn with HitecVision, has won a UK auction for the GreenVolt floating offshore wind project in the North Sea.
Scheduled to be operational by 2029, GreenVolt will become the world's largest floating offshore wind farm, supported by government incentives.
This project, valued at £2.5 billion, will create over 2, 800 jobs and stimulate investment in port infrastructure.
The UK aims to achieve 5 gigawatts of floating offshore wind energy by 2030, with the recent auction awarding contracts for 9, 600 megawatts across 131 projects.

Plenitude Secures Major Offshore Wind Auction in the UK

Plenitude, in partnership with HitecVision through their joint venture Vargronn, has successfully secured a UK auction for the GreenVolt floating offshore wind project in the North Sea.
This project, developed alongside Flotation Energy, is set to become operational by 2029 and will be the largest floating offshore wind farm globally, with a capacity of 560 megawatts.
The UK government has shown confidence in this initiative by supporting it with a plan of incentives.
Stephen Bull, CEO of Vargronn, highlighted the significance of this achievement for both the project and the broader floating offshore wind sector.
GreenVolt is expected to drive investments in new port infrastructure and enhance the supply chain, accelerating the development of additional floating wind farms.
Nicol Stephen, CEO of Flotation Energy, emphasized Scotland's pioneering role in floating wind technology.
The contract for difference (CfD) will propel the next phase of Europe's largest floating wind project, located 80 kilometers off the northeast coast of Scotland.
The £2.5 billion GreenVolt project is anticipated to generate over 2, 800 jobs during its construction phase.
The UK government aims to reach 5 gigawatts of floating offshore wind energy by 2030, and the recent renewable energy auction has awarded contracts for difference to 131 projects, totaling over 9, 600 megawatts of capacity.