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Sunday, December 22, 2024

Neos holdings acquires stake in Norway’s Goliatvind offshore wind project

NEOS Holdings’ renewable energy division, Eneos Renewable Energy, has finalized an agreement to purchase a 20% stake in the GoliatVind floating offshore wind farm project located off the coast of Norway.

This ambitious project, positioned at the juncture of the northern Norwegian Sea and the Barents Sea, boasts an installed capacity of 75MW, featuring five 15MW wind turbines anchored on semi-submersible steel foundations developed by Odfjell Oceanwind. The GoliatVind project aims to commence commercial operations by 2028 and involves other stakeholders including Source Galileo, Odfjell Oceanwind, and the Kansai Electric Power Group.

Galileo Norge holds the largest share at 40%, while the remaining partners each own 20%.

Floating offshore wind technology remains in its infancy in Japan, which regards it as essential for achieving its goal of developing up to 45GW of offshore wind projects by 2040, as noted by Reuters.

In a related development, Tokyo Gas, Japan’s leading city gas supplier, announced in August 2024 its acquisition of a 21.2% stake in the operational WindFloat Atlantic floating offshore wind project in Portugal, a strategic move to gain expertise in the operational and maintenance aspects of the floating offshore wind sector.

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