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bp, Aker and Statkraft join forces for offshore wind in the Norwegian North Sea

Release date:
14 June 2021
Engineer climbs ladder on turbine in off-shore wind farm

OSLO, 14 June 2021: bp today agreed to join Statkraft and Aker Offshore Wind in a ‎consortium bidding to develop offshore wind energy in Norway.


The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% ‎share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) ‎licence area.


SN2’s favourable location provides power export access to local and adjacent markets. The ‎consortium also intends to explore opportunities to provide clean power to electrify ‎offshore oil and gas facilities. The partnership would work with local suppliers, building ‎industrial competencies for Norway’s offshore wind market, and contribute toward value ‎creation in the Nordic and European energy market.


The consortium brings together the individual companies’ strong technical skills and deep ‎experience in offshore energy projects, covering the full value chain from development to ‎the delivery of offshore renewable energy to market.‎


bp has interests in the offshore wind sector in the both the US and UK and a longstanding ‎onshore wind business in the US. It brings strong North Sea development and operating ‎experience, international energy trading capabilities and a disciplined financial framework to ‎the partnership.‎


Dev Sanyal, bp’s executive vice president of gas & low energy, said: “bp aims to ‎grow our renewables business at scale and we see great opportunities in offshore wind ‎energy. We have decades of offshore experience in the North Sea and will also bring our ‎extensive trading capabilities and strong relationships in Europe. Coming together with ‎Aker and Statkraft, we believe this consortium will be ideally positioned to effectively and ‎efficiently grow and deliver clean power for European markets, as well as strengthen the ‎supply to Norway when needed.”‎

 

“Coming together with ‎Aker and Statkraft, we believe this consortium will be ideally positioned to effectively and ‎efficiently grow and deliver clean power for European markets, as well as strengthen the ‎supply to Norway when needed.”

 

Dev Sanyal, executive vice president of gas & low carbon energy, bp

 

As Europe’s largest producer of renewable energy, Statkraft’s expertise in energy ‎management and its experience and competence in wind farm development and ‎operations provide a foundation for success in developing SN2.‎


Christian Rynning-Tønnesen, chief executive of Statkraft, said: “We have extensive ‎capability from the development and operation of onshore wind around the world and ‎experience in significant offshore wind projects in the United Kingdom and Ireland. Strong ‎growth, decreasing technology costs and the involvement of industrial and financial players ‎all indicate the rising role that offshore wind will play in Europe. Our partnership with Aker ‎and bp will create meaningful value and contribute towards Europe’s energy transition.”‎


Aker brings to the project its learnings and know-how from five decades of designing and ‎executing offshore projects in the North Sea as a supplier, developer and operator. Aker ‎Horizons will work closely with the consortium on topics including strategy and financing, ‎and the partnership will also benefit from the broad capabilities of other Aker companies, ‎including Cognite and Aker Solutions.‎


Kristian Røkke, chairman of Aker Offshore Wind and chief executive of Aker Horizons, ‎added: “Our partnership has the potential to redefine Norway’s position as an energy ‎nation, and the consortium’s joint capabilities are building blocks to lead the energy ‎transition. Together with Statkraft and bp we will work to develop the Norwegian offshore ‎wind industry, reduce emissions and create new jobs.”‎


With bp joining the Norwegian consortium, energy cooperation between Norway and the ‎United Kingdom is also further strengthened.‎

Notes to editors

 

About bp


bp’s purpose is to reimagine energy for people and our planet, and our ambition is to be a ‎net ‎zero company by 2050, or sooner, and help the world get to net zero. bp’s strategy is to ‎transform into an Integrated Energy Company focused on delivering solutions for ‎customers and this will see bp growing net developed renewable generating capacity to ‎‎20GW by 2025 and 50GW by 2030.‎

 

www.bp.com

 

About Statkraft


Statkraft is a leading company in hydropower internationally and Europe’s largest generator ‎of renewable energy. The Group produces hydropower, wind power, solar power, and ‎supplies district heating. Statkraft is a global company in energy market operations. ‎Statkraft has 4,500 employees in 17 countries.‎

 

www.statkraft.com

 

About Aker Horizons


Aker Horizons exercises active ownership in companies within renewable energy and ‎green technology to limit and reduce greenhouse gas emission, while providing substantial ‎value creation over time.‎


Aker Horizons’ portfolio platform includes investments in the listed companies Aker ‎Offshore Wind and Aker Carbon Capture, as well as in Mainstream Renewable Power and ‎the listed company Aker Clean Hydrogen. The sunrise portfolio includes ongoing initiatives ‎and opportunities within solar, transmission technology and other ventures.‎

 

www.akerhorizons.com

 

About Aker Offshore Wind


Aker Offshore Wind is an offshore wind developer headquartered in Norway with focus on ‎assets in deep waters. With global operations, the current portfolio consists of ‎development projects and prospects located in Asia, North America and Europe. Aker ‎Offshore Wind effectively deploys cost-effective technologies from decades of offshore ‎energy development. The company is majority-owned by Aker Horizons, an investment ‎company dedicated to creating value and reducing emissions from renewable energy and ‎decarbonization technologies. Aker Offshore Wind [AOW-ME] is listed on Euronext Growth ‎in Oslo, Norway.‎

 

www.akeroffshorewind.com

Further information

 

Contacts

 

bp press office, London: +44 (0)20 7496 4076, bppress@bp.com