FPSO specialist BW Offshore has teamed up with power generation firm Invenergy on a joint venture targeting projects from the ScotWind leasing round.
The duo will focus on developing up to 5.4 gigawatts (GW) of floating and fixed foundation offshore wind developments off the north-east coast of Scotland, “expected to bring billions of pounds of investment to the Scottish and UK supply chain”.
However, the JV said that although the Scottish supply chain would be engaged for any work won it would not be exclusive.
Invenergy is a privately-owned firm headquartered in Chicago which focuses on large-scale energy generation, and said it has developed more than 180 projects across four continents.
Meanwhile BW Offshore is known for its competency operating floating production, storage and offloading (FPSO) vessels, as well as engineering, construction and procurement services.
Invenergy has previously teamed up with BW Group business BWLNG for delivery of a $1.3bn LNG-to-power Floating Storage and Regasification Unit (FSRU) project in El Salvador.
The duo said the ScotWind projects are expected to create “substantial high-value specialised jobs, both direct and indirect, within Scotland”.
More than 70 applications were made to the ScotWind round earlier this year and firms such as BP and EnBW have been playing up the local content benefits in order to win leases.
Manufacturing going overseas has been a major sticking point for the industry, leading to the collapse of the BiFab fabrication yard.
Argyll-based CS Wind, which has been in decline for years amid dropping revenue and contracts, has also gone into administration.
Invenergy senior executive vice president Bryan Schueler said: “We are uniquely positioned to deliver innovative offshore wind infrastructure to Scotland through leveraging Invenergy’s decades of experience, expertise in leading complex projects to completion and network of strategic supplier relationships such as with GE Renewable Energy.
“This joint venture represents an important milestone in furthering our partnership with BW Offshore and Invenergy’s continued investment in Scotland and its clean energy future.”
In March, BW Offshore’s floating wind joint venture with Ideol started trading.
Marco Beenen, CEO of BW Offshore, said: “Together, we represent a unique blend of expertise and ambition to deliver the next phase of energy transition in Scotland, bringing substantial international project development experience and a strong track record for local value creation.
“ScotWind will play a critical role in delivering the nation’s offshore wind targets and our ambition is to be a central part of this journey, committed to working with Scotland’s supply chain to accelerate the energy transition.”
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