London, September 03, 2024, (Oilandgaspress) ––Flotation Energy and Vårgrønn today announce that their pioneering floating offshore wind project, Green Volt, has been successful in winning a UK Government Contract for Difference.
Green Volt is a hugely exciting project that will not only supply clean power to the grid, but also help the oil and gas industry meet its goal of halving emissions by 2030.
Stephen Bull, CEO of Vårgrønn, said: “This award is a clear vote of confidence from the UK Government in our plans to build Europe’s first commercial scale floating offshore wind farm. It is fantastic news for both our project and the wider floating offshore wind sector. Green Volt will stimulate investment in new port infrastructure, helping accelerate the development of more floating windfarms. We look forward to expanding our dialogue with the supply industry.”
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