Lisarb launches venture aimed at offshore wind market

Renewables developer Lisarb Energy has launched a venture as a consortium of parties that is aimed at the offshore wind market.

The new business is called Lisarb Offshore Ltd and is a partnership between Lisarb Energy Group Ltd, Prosperity Energy Ltd and a consortium of UK ports, fabricators, manufacturers and consultants. It will focus particularly on new floating wind licence areas such as the UK Celtic Sea, the UK North Sea and coast of Brazil, Lisarb said on Thursday.

According to the announcement, the partnership is founded on the company’s 4.6-GW portfolio of more than 80 solar and onshore wind projects in Latin America and the Iberian Peninsula. Earlier this month, Lisarb said it had opened an office in Portugal to develop 1 GW of projects in Europe by 2023.

“Lisarb Offshore’s partnership model provides a delivery-oriented blueprint to support renewable energy development while better managing cost and risk,” commented Lisarb Energy chairman Jamie MacDonald-Murray. “We can apply this blueprint to emerging fixed and floating offshore markets to nurture indigenous supply chains, deliver revenue for regional economies, and meet the net zero agenda – locally and globally,” the chairman added.

The developer said Lisarb Offshore has qualified a pipeline of opportunities across three locations.

In Brazil, the opportunities include a 2-GW offshore wind farm, a 2-GW solar farm, an additional 19 GW of seabed lease rights and associated power purchase agreements (PPAs) for electricity and hydrogen.

In the UK Celtic Sea, it is targeting 1.5 GW as part of the 2023 leasing round, with the first 300-MW phase commencing development from 2023.

In the UK North Sea, the new firm is targeting three 100-MW projects in the Innovation and Targeted Oil and Gas (INTOG) programme, with the leasing round opening this summer.

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