TechnipFMC has entered into an agreement with Magnora ASA on March 17 to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.

Magnora holds a strategic position within the renewable energy sector as an owner in offshore wind, onshore wind, and solar development projects and is a key enabler in solar energy technologies.

When combined with TechnipFMC’s unique technologies, experience delivering integrated EPCI (iEPCI) projects and its novel Deep Purple initiative to integrate wind and wave energy with offshore green hydrogen storage, this partnership will enable Magnora Offshore Wind to realize significant opportunities in the growing offshore floating wind market.

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.

“Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects,” Jonathan Landes, president of subsea at TechnipFMC, said. “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.”

Offshore