•  
  •  
  •  

Enova pledges USD 259m for Equinor's Hywind Tampen

Illustration of Hywind Tampen concept. Source: Equinor ASA

August 22 (Renewables Now) - Norwegian government enterprise Enova SF today committed to provide about NOK 2.33 billion (USD 259m/EUR 234m) in support for Equinor ASA’s (NYSE:EQNR) plan to build an 88-MW floating wind farm in the North Sea. 

Enova said in a statement that this is the largest financing commitment it has ever made.

As announced by Equinor a year ago, the company and certain partners intend to install an 11-turbine floating wind park, called Hywind Tampen, in order to supply power to the Gullfaks and Snorre oil and gas fields in the northern North Sea. They are yet to make a final investment decision on the project despite Enova’s financing pledge and also need to secure certain approvals.

Enova noted that if everything goes as planned, the wind park will be switched on by 2022. Upon completion, its 11 turbines will be able to generate some 384 GWh per year.

(NOK 1.0 = USD 0.111/EUR 0.100)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription