Ventyr, a consortium consisting of Parkwind and Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, today announces its success in the Norwegian auction for the development of the Sørlige Nordsjø II phase 1 area in the Southern Norwegian North Sea.
“We are delighted about the results of this first Norwegian auction. This is yet another investment that will enable a climate footprint reduction well beyond our retail consumption and into the IKEA value chain, and also support the transition to a renewable future. Offshore wind has a huge potential to contribute to Europe’s decarbonised energy goals, and we are looking forward to the next steps of this partnership”
– Frederik de Jong, Head of Renewable Energy at Ingka Investments
The Sørlige Nordsjø II project represents a critical step towards Norway’s ambitious goal of awarding 30 GW of offshore wind power by 2040. With the first turbines expected to be operational by 2030, this 1.5GW wind farm will play a crucial role in advancing the country’s renewable energy transition.
“We are thrilled to have secured the winning bid for the Sørlige Nordsjø II project,” said Jorne Bluekens, Project Manager at Ventyr. “This achievement underscores our commitment to driving positive change through renewable energy innovation. We look forward to working closely with our partners and stakeholders to bring this project to fruition and deliver tangible benefits to the local community.”
Ventyr is committed to delivering innovative and sustainable energy solutions, whilst maximizing efficiency and minimizing environmental impact. The project will also have a positive impact on communities in the vicinity of the wind farm, including economic opportunities and job creation. Through strategic partnerships with partners such as, NorSea Group in Norway, and community engagement, we are dedicated to fostering long-term prosperity and growth in the region.
“In NorSea we are proud and excited to be a partner in this winning project. We are looking forward to supporting the consortium with NorSea’s experience gained through six decades of offshore industry and convert this into a new energy and industry chapter for Norway, creating jobs and building competence”, says John E. Stangeland, CEO in NorSea.
”This is an important milestone in Norway’s offshore wind journey, and Parkwind is proud to be playing a key role in the development of Sørlige Nordsjø,” said François Van Leeuw, co-CEO of Parkwind. “We have a long track record of delivering successful offshore wind farms in the North Sea and look forward to bringing a new clean energy project to life in Norwegian waters.”
As part of a EUR 7.5 billion initiative to support of 100 percent renewable energy consumption across the value chain and beyond, Ingka Investments has invested and committed more than EUR 4 billion into renewable energy projects in wind and solar power. Out of the EUR 7.5 billion initiative, EUR 1 billion is committed to investments in innovation and transitional technologies, such as energy storage, hydrogen as energy carrier or grid infrastructure.
”We are delighted about the results of this first Norwegian auction. This is yet another investment that will enable a climate footprint reduction well beyond our retail consumption and into the IKEA value chain, and also support the transition to a renewable future. Offshore wind has a huge potential to contribute to Europe’s decarbonised energy goals, and we are looking forward to the next steps of this partnership”, said Frederik de Jong, Head of Renewable Energy at Ingka Investments.
About Ingka Group
With IKEA retail operations on 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on www.Ingka.com.
About Parkwind
Parkwind is an integrated offshore wind business that develops, finances and operates offshore wind farms. Since July 2023, Parkwind has been operating as part of JERA Co., Inc. one of the largest power generational companies in the world. Together, Parkwind and JERA have more than a decade of experience and over 1,500 MW of offshore wind assets under operational management in Belgium, Germany, the UK, Taiwan, and Japan, in addition to an extensive pipeline of offshore wind projects in development around the world including in Belgium, Germany, Ireland, Japan, France, Norway, Greece, and Australia/New Zealand.
Committed to making green energy available and affordable for everyone through its unique approach of covering the entire value chain of offshore wind, Parkwind has established itself as a reliable and competitive partner to communities, governments and suppliers globally.
Read more on www.parkwind.eu.
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