TechnipFMC has announced it has entered into an agreement with Magnora to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.
Magnora already holds a position within the renewable energy sector as an owner of offshore wind, onshore wind, and solar development projects. TechnipFMC brings in its experience in delivering integrated EPCI projects and its Deep Purple initiative to integrate wind and wave energy with offshore green hydrogen storage.
Magnora Offshore Wind has already commenced operations and started work on an application for the first round of seabed leasing through the Scottish government’s ScotWind Leasing program. In addition, Magnora Offshore Wind will participate in the first offshore wind application round in Norway, which opens in 2021, and will also consider entering new markets in the coming months.