EQUINOR POSTPONES TROLLVIND OFFSHORE WIND INITIATIVE INDEFINITELY
Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. The project was located some 65 kilometres west of Bergen, Norway. This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept.
Equinor has previously announced reduced activity in the project due to technical, regulatory, and commercial challenges to the project. Behind the decision of putting Trollvind on hold are several challenges facing the broader offshore wind industry. Rising costs have challenged the original concept that Trollvind would not require any financial support and it is no longer a commercially sustainable project.
Furthermore, changes in the technical solutions due to preferred technology not being available has made the concept less viable.
The knowledge and learning from working on Trollvind will be applied to other projects as Equinor remain committed to developing floating offshore wind power at Utsira Nord and outside Norway.
(Source and image: Equinor)
- EXXONMOBIL TAKES THE LITHIUM TRAIN WITH AN INVESTMENT OF $100 MILLION IN AKANSAS 25th May 2023
- BP SPUDS EPHESUS EXPLORATION WELL IN FRONTIER WEST ORPHAN BASIN 11th May 2023
- NEXANS AWARDED ITS LARGEST CONTRACT IN HISTORY WITH TENNET 08th May 2023
- TPAO MAKES GIGANTIC OIL DISCOVERY IN THE GABAR MOUNTAINS OF SOUTHEASTERN TURKEY 08th May 2023