TECHNIPFMC and Norwegian-headquartered renewables firm Magnora, has announced a joint venture which will see them participate in the ScotWind offshore leasing round.
The partnership between the energy services giant and the renewables operator is aimed at realising “significant opportunities” in the growing offshore wind market.
It will also be able to integrate wind and wave energy with offshore green hydrogen.
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.
Jonathan Landes, TechnipFMC president subsea, said: “Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects.
“This partnership reflects TechnipFMC’s ambition to capture a significant position in the renewable offshore energy market. We are delighted to support Magnora Offshore Wind by providing our expertise and know-how in bringing innovative offshore energy solutions to the market.”