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)

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