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Floating Offshore Wind: Equinor, RES and Green Giraffe Form Partnership for French Market

Stavanger, Norway - Norwegian oil, gas and renewable energy company Equinor, UK-based renewable project developer RES and Dutch renewable energy financial advisory firm Green Giraffe have joined forces for the Océole partnership.

Océole will be dedicated to the development of floating offshore wind farms in France and intends to participate in the upcoming French government tenders for floating offshore wind projects.

In the partnership, Equinor, RES and Green Giraffe combine their know-how and expertise in the industrial, technical and financial fields. Together, the three companies aim to implement high-performance floating offshore wind projects that will help France to develop offshore wind energy. The goal in France on the way to become carbon neutra in 2050 is to expand offshore wind power capacity up to 6.8 GW by 2028.

"France has set an ambition of becoming among the top markets for floating offshore wind in the next decade. Together with RES and Green Giraffe, we are ready to contribute long term to the country’ ambitious offshore wind plans and develop what could potentially be the first commercial floating offshore wind farm in France," said Jens Økland, Equinor's senior vice president for business development in renewable energy.

Equinor has extensive expertise in offshore wind and operates the world's first floating wind farm, Hywind Scotland (30 MW). Equinor is also currently building the world's largest floating offshore wind farm to date, Hywind Tampen (88 MW), which is due to start up in 2022.

RES has recognised expertise in offshore wind energy through its experience in project development, operation and maintenance, and support and engineering services. In France, RES won the tender for the offshore wind project off the Bay of Saint-Brieuc in 2011, which is currently under construction and scheduled to be operational in 2023.

Green Giraffe is a specialised financial advisory firm focused on the renewable energy sector. With more than 110 projects worldwide, the company has a proven track record and a strong international position in the offshore wind sector.

Source: IWR Online, Jul 07 2021