The Japanese company Eneos Renewable Energy Corporation (ERE) has signed an agreement to acquire a 20% stake in the construction of the GoliatVIND floating offshore wind farm in Norway. The Project consists of the construction and operation of a floating offshore wind farm with an installed capacity of 75 MW with five 15,000 kW wind turbines mounted on Odfjell Oceanwind’s semi-submersible steel foundation design, Deepsea Star™?. This marks ERE’s first overseas offshore wind project. 

The wind farm will be developed at a depth of approximately 400 meters and situated at the border between the northern Norwegian Sea and the Barents Sea in northern Norway. According to ERE, the project is set to begin commercial operations by 2028 and will be jointly developed with Source Galileo, Odfjell Oceanwind, and Kansai Electric Power Group. 

This initiative aligns with the Norwegian government’s CO2 reduction targets, aiming to cut emissions by 50-55% from 1990 levels by 2030. In addition, the government has set a target of 30 GW of offshore wind power by 2040, with ongoing discussions about government subsidies to support this goal. 

Earlier this year, GoliatVIND received a grant of USD 185 million from the Norwegian state enterprise ENOVA SF, as part of a program designed to demonstrate and reduce the costs of floating offshore wind energy.