September 08, 2021
International Developers Join Forces to Build Scotland’s Next Generation of Offshore Projects
Invenergy and BW Offshore seek to expand their growing portfolios of sustainable energy solutions in Scotland
EDINBURGH, SCT (September 8, 2021) – Invenergy, a leading privately-held global developer of sustainable energy solutions, and BW Offshore, a floating production specialist, announced a joint venture to develop up to 5.4 gigawatts of offshore wind as part of the first ScotWind leasing round.
The joint venture will focus on developing both floating and fixed foundation offshore wind projects off the Northeast Coast of Scotland, with the projects expected to bring billions of pounds of investment to the Scottish and UK supply chain. The projects are also expected to create substantial high value specialised jobs, both direct and indirect, within Scotland, that would provide a considerable economic contribution to Scotland for decades to come.
Invenergy and BW Offshore are experienced in delivering multi-gigawatt, multi-billion-dollar energy projects, from inception to operation, with a focus on utilising local supply chains and growing locally based project teams. Invenergy has also partnered with BW Group business BWLNG for the delivery of a $1.3 billion LNG-to-power Floating Storage and Regasification Unit (FSRU) project in El Salvador.
Invenergy develops, owns and operates large-scale renewables and other clean energy generation and storage facilities worldwide. The company has successfully developed more than 180 projects across four continents totalling more than 29 gigawatts in capacity and supported by more than $43 billion in arranged financing for its portfolio of projects.
BW Offshore engineers innovative floating production solutions for the oil and gas industry and develops offshore solutions supporting the transition to a low carbon economy. The company’s key competencies are offshore engineering, procurement, construction and installation, as well as lease and operate services for Floating Production Storage and Offloading vessels (FPSOs). Over the past four decades, BW Offshore has completed 40 projects worldwide.
Bryan Schueler, Senior Executive Vice President and & Construction Business Leader, 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.”
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.”
We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy's home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has successfully developed more than 29,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, and natural gas power generation facilities as well as advanced energy storage projects. For more information, please visit www.invenergy.com.
About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 14 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo stock exchange. For more information, please visit www.bwoffshore.com.
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Beth Conley, Vice President, Communications