Offshore wind developers Flotation Energy and Vargronn have completed the acquisition of the NorthConnect interconnector project, which aims to link the power grids of Scotland and Norway, the companies said on Thursday.
The deal follows ongoing collaboration between the two firms on shared grid infrastructure, including a common connection point for NorthConnect and their proposed 1.4-gigawatt (GW) Cenos floating wind project off Scotland’s east coast.
NorthConnect holds existing consents for both offshore and onshore cable routes, with plans to connect at SSEN’s Peterhead substation near Boddam, Aberdeenshire.
“We have maintained a close and productive partnership with NorthConnect over an extended period and when we learned the company was seeking a buyer, the opportunity was a natural and strategic progression of our partnership,” said Christopher Pearson, project director for Cenos.
An offshore consent application for the 95-turbine Cenos wind farm was submitted to the Scottish Government in February. First power is expected between 2031 and 2032, according to the developers.
“When operational, Cenos will be one of the largest floating wind farms in the world, supplying clean electricity to the grid as well as offering a multi-point interconnector for future offshore developments,” Pearson added.
Flotation Energy and Vargronn said the acquisition enhances the long-term viability of their clean energy ambitions in the North Sea and could play a key role in supporting energy integration across the region.
