We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Equinor and Technip Energies join forces on floating wind

GO NET ZERO ENERGY

Equinor and Technip Energies join forces on floating wind

Equinor and Technip Energies have struck a deal to develop steel semi-submersible hulls for floating wind facilities in an effort to drive down costs, accelerate technology development, and push for local fabrication opportunities. - UpstreamOnline

From the early design phases of floating wind farms, the players aim to address the entire supply chain of floating offshore wind, with a focus on industrialisation of the technology.

We see longer-term collaboration from an early phase as the next step within floating offshore wind development. This will also enable us to identify and create opportunities for the local supply chain in the markets where we are present.

Mette Ottoy, chief procurement officer at Equinor

As renewable energy is growing amid a shareholder push for sustainability, offshore wind presents the opportunity for oil and gas companies to offer their expertise in the energy transition.

Floating offshore wind, specifically, could make up about 80% of offshore wind resources, given the high level of wind opportunities in deep waters, the companies said.

Equinor has been in the vanguard of the floating wind sector, with its Hywind Tampen project set to demonstrate the technology in Norway.

We believe partnering is an essential step to reach net-zero. We are proud to enter this strategic partnership with Equinor, a long-lasting client with which we share a common vision and commitment: to create a low-carbon future. This agreement extends our recent collaboration in the floating offshore wind field, creating unique synergies by combining Technip Energies’ and Equinor’s respective experiences in the development of core technologies and the delivery of groundbreaking projects.

Laure Mandrou, senior vice president of carbon-free solutions at Technip Energies

The company claims it has reduced the cost per megawatt of floating wind by 70% through its Hywind Scotland project and another 40% through Hywind Tampen, but says there is "still a way to go" until floating wind is a commercial option.

We are excited about our collaboration with Technip Energies, which allows us to further leverage and develop our floating toolbox to customise locally adapted industrial solutions for future floating offshore wind projects. We have already started to see early signs of value creation from this way of working in our early-phase floating wind projects in southern Brittany in France and Firefly in South Korea.

Beate Myking, who leads Equinor's renewables solutions business

Equinor claims to be "technology agnostic", arguing that the floating concept of choice for a given market will differ according to geographies.

The deal was sealed at the Seanergy conference in Normandy, France.

Relevant news

GO NET ZERO ENERGY
Hitachi Energy and Equinor form energy transition pact
Hitachi Energy and Equinor have signed a strategic agreement to collaborate within electrification, renewable power generation.
GO HYDROGEN
Equinor and Tallgrass team up to explore hydrogen in the US
Equinor and Tallgrass are looking at hydrogen and ammonia production with at least 95% carbon capture.
GO DIGITAL ENERGY
Equinor awards modus 'World's First' subsea drone contract
Modus has secured a contract with Equinor for the provision of underwater intervention drone missions.
GO DIGITAL ENERGY
Saudi Aramco, Equinor subsidiaries fund network provider Data Gumbo
Saudi Arabia and Norway have backed a $4 million Series C equity fund for smart contract.
GO DIGITAL ENERGY
Equinor drives down emissions with the help of digital solutions
Equinor restarted production from the Peregrino field in Brazil.
GO NET ZERO ENERGY
Major engineering contract awarded at landmark Peterhead Carbon Capture Power Station
SSE Thermal and Equinor-led project would be Scotland’s first power station with carbon capture and storage.