TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities. They have formed a new venture for this called Magnora Offshore Wind. The joint company, Magnora Offshore Wind, is already operational and will bid in the upcoming first offshore wind application round in Norway. 

Further, it is working on a proposal for the first round of seabed leasing through the Scottish government’s ScotWind Leasing program. The company is also considering venturing into new markets in the near future.

Magnora is an owner in offshore wind, onshore wind, and solar development projects and is a key enabler in solar energy technologies. Meanwhile, TechnipFMC is a leading technology provider in the traditional and new energy spaces, and also has a novel Deep Purple™ initiative to integrate wind and wave energy with offshore green hydrogen storage.

Jonathan Landes, President Subsea at TechnipFMC, commented: “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.”

Torstein Sanness, Executive Chairman of Magnora, says: “In Magnora you find some of the world’s leading experts within wind development. Coupled with TechnipFMC’s project management competence and extensive service and technology portfolio, we believe we can provide a market-leading floating offshore wind offering. TechnipFMC’s ‘Deep Purple™’ initiative, which utilizes offshore wind to produce hydrogen for offshore assets, is another exciting avenue we will be jointly looking to explore.”