Renewable Energy M&A: Deep Wind Offshore and EDF Renewables offshore wind collaboration in Norway

published on 22 January 2024
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Introduction:

Imagine harnessing the power of the relentless Norwegian winds to produce clean, sustainable energy. It's not just a dream; it's a reality that's gaining momentum. EDF Renewables and Deep Wind Offshore have joined forces to make offshore wind energy in Norway a significant player in the global renewable energy landscape. In this blog, we'll delve into their collaboration, exploring its significance and what it means for Norway's sustainable energy future.

A Pioneering Partnership:

EDF Renewables, a global leader in renewable energy, brings over a decade of experience in offshore wind farm construction and operation to Norway. They've already marked their success with the Saint-Nazaire offshore wind farm in France and the pioneering Provence Grand Large floating wind farm. This partnership signifies a formidable commitment to advancing Norway's green energy sector. It's not just about power; it's about creating value for local communities and contributing to Norway's ambitious target of doubling power production by 2040.

Unleashing Offshore Potential:

Deep Wind Offshore, with its century-long legacy in renewable power generation and maritime operations, serves as a vital cog in this collaboration. It's headquartered in Haugesund and partly owned by local municipalities, ensuring a people-centric approach. This synergy of global expertise from EDF Renewables and Deep Wind Offshore's local knowledge is a winning formula. Together, they are geared up to seize the upcoming auction round in 2025, taking the offshore wind industry in Norway to new heights.

Powering the Future:

What does all of this mean for the everyday Norwegian? Minister of Trade and Industry, Jan Christian Vestre, aptly describes it as an example of French and Norwegian companies working in harmony for mutual benefit. The collaboration not only boosts the economy but also paves the way for a greener future. It aligns perfectly with Norway's commitment to combat climate change and reduce carbon emissions. As these projects come to life, they will provide clean, sustainable energy for homes and businesses across the country, propelling Norway closer to its renewable energy goals.

Conclusion:

In summary, the partnership between EDF Renewables and Deep Wind Offshore signifies a turning point in Norway's offshore energy sector. It combines global experience with local dedication, laying the foundation for a sustainable energy future. Together, they are set to make offshore wind energy a driving force in Norway's quest for a greener tomorrow.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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