Fred Olsen Renewables and Vattenfall in Scottish offshore wind tie-up

Norwegian developer Fred Olsen Renewables, a subsidiary of Bonheur, has teamed up with Swedish utility Vattenfall to bid in the upcoming leasing round for offshore wind in Scotland.

The 50/50 partnership said that, dependent on a successful award, it will focus on creating a local and sustainable supply chain in Scotland, bringing long-term economic benefits to the local communities.

“This joint venture brings together two companies with strong track records in Scotland,” said Helene Bistrom, Vattenfall’s head of the wind business area.

Scotland’s upcoming offshore wind leasing round, ScotWind, will include up to 15 areas amounting to 10 GW in capacity. Bids for lease options will be due in July this year, with an award of option agreements expected in Q1 2022.

Anette Olsen, managing director of Bonheur and proprietor of Fred Olsen, said: “30 years ago, our journey in renewables started in Scotland. Today, Fred Olsen-related companies employ more than 350 people in Scotland. Our focus has always been to create local value, and together with Vattenfall we are confident that we can build on our joint presence in Scotland and deliver offshore wind with considerable local benefits.”

Fred Olsen Renewables also recently joined forces with its compatriot, Hafslund Eco and Denmark’s green energy giant Ørsted to compete in Norway’s upcoming application round for offshore wind areas.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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