Norwegian company, Deep Wind Offshore recognizes massive potential and great opportunities in the Swedish offshore wind market and is establishing its own company in Sweden.  The aim is to promote and create local jobs and work with local suppliers to build a strong and robust supply chain for offshore wind industry. In the first phase, Deep Wind Offshore plans to build approximately 1500 MW capacity in Sweden.

During last week, as part of the business delegation that follows Crown Prince couple’s official visit to Sweden, Deep Wind Offshore will meet the local industry and present the company.

– We are built on local values and are focused on local presence and proximity to the production areas. This applies just as much to our Erik Segersäll-project in Sweden as to Utsira Nord in Norway, says CEO Knut Vassbotn.

In the first phase, Deep Wind offshore plans to build approximately 1500 MW capacity in Sweden.

Rapid development

With Support and backing from experienced and highly competent heavy industrial owners, Deep Wind Offshore will develop and own both floating and bottom-fixed offshore wind farms.

Since a year of establishment of the company, in this period , Deep Wind offshore has established a portfolio of projects totalling 4GW under development in South Korea and has established a joint venture with the French energy company EDFR for the projects in Norway.

– There is a rapid development in offshore wind globally, and an increased need for energy security. Europe will obviously need hundreds of GW of offshore wind to achieve the goals set in the Paris Agreement.

In a closely intertwined Nordic power grid, it is natural for us to look to Sweden, also with the ambition of strengthening Swedish industry, says Vassbotn.

The Swedish government has decided to expand an annual production of between 20 and 30 TWh of offshore wind and is investigating for a total of almost 120 TWh over time. With projects of significant size, Deep Wind Offshore can be a major contributor to achieving these goals.

– There is a rapid development in offshore wind globally, and an increased need for energy security. Europe will obviously need hundreds of GW of offshore wind to achieve the goals set in the Paris Agreement. In a closely intertwined Nordic power grid, it is natural for us to look to Sweden, also with the ambition of strengthening Swedish industry, says Vassbotn.

The Swedish government has decided to expand an annual production of between 20 and 30 TWh of offshore wind and is investigating for a total of almost 120 TWh over time. With projects of significant size, Deep Wind Offshore aims to be a major contributor to achieving these goals.

Industrial anchoring   

Deep Wind Offshore is owned by the shipping company Knutsen OAS, and the power companies Haugaland Kraft and Sunnhordland Kraftlag. These are industrial and financially strong organisations with expertise in the power system, offshore and maritime sector and have a strong portfolio both in Local and International Market.

– Offshore wind is a global industry. The challenge in almost all countries is that the regulatory processes take a long time. If we as a company are to make the best possible use of our capable organization, we must have a number of projects under development in several countries. An international presence will also provide an opportunity for our partners outside their domestic market, says Vassbotn.

Deep Wind Offshore ‘s projects in Sweden are managed from the local office.

– With long coastlines and good wind resources, the conditions are good for offshore wind in both Sweden and Norway. In addition, the need for renewable energy is large and growing. The supply of new renewable energy will be crucial for electrifying society and building new green value chains. For many years, Sweden and Norway have had an attractive electricity price, and if this is to continue to be a competitive advantage, we must re-establish the power surplus, says Vassbotn.

Source: Lasse Fredheim/Deep Ocean