Press Release
Release date: December 14, 2020 10.00 CET
Sval Energi becomes industry partner with NorthWind, a cutting-edge research centre working on innovations to make wind power cheaper, more efficient, and more sustainable. One of the centre’s main priorities will be offshore wind research.
December 11th, 2020, TRONDHEIM, NORWAY – Today the Norwegian Minister of Petroleum and Energy, Tina Bru, announced an investment of 120 million NOK (11.3 million EUR) in a new wind power research centre in Norway.
“Rapid growth in offshore wind power internationally offers great opportunities for Norwegian businesses. Research and development are crucial to secure lowercosts, less environmental impact and improved operating models for such projects. I believe a long-term research centre with industry partners, the research community and the government will contribute to further development of offshore wind power in Norway” said Tina Bru, Norway's Petroleum and Energy Minister.
“As a new generation energy company, Sval sees the world's need for clean energy and recognizes the business opportunities that arise in the ongoing energy transition” said Nikolai Lyngø, CEO of Sval Energi. “Our ambition is to provide energy from oil and gas and new energy sources. We participate in the exploration and development of oil & gas fields as well as owning a wind park development in Finland, so naturally offshore wind power is an interesting area for us as we continue to grow our company.”
NorthWind will bring together over 50 partners from research institutions and industry all around the world. It will be led by the research institute SINTEF, with partners NTNU (Norwegian University of Science and Technology), NINA (The Norwegian Institute for Nature Research), NGI (Norwegian Geotechnical Institute)and UiO (University of Oslo).
“As a part of Sval’s low carbon strategy, we will consider carbon reduction projects, electrification of offshore fields, investments in renewable energy generation, carbon capture and storage and advancing other technological solutions to reduce the carbon intensity of our energy production”, said Ingrid Landråk, VP Business support services of Sval Energi. “We believe the partnership with NorthWind will be an important element in delivering on our overall strategy.”
"The Centre's innovations will benefit Norwegian industry and the world at large," said Alexandra Bech Gjørv, CEO of SINTEF. "Offshore wind has the potential to meet the world's electricity needs many times over and innovations cutting its costs will help bring this renewable energy to the market even faster."
The centre will draw on Norwegian research and industry's long-standing expertise in offshore projects. "It will provide an important launching pad for students of the field aiming to become the experts of tomorrow", said the rector of NTNU, Anne Borg.
● Facts
24 wind turbines with 5.5 MW installed capacity, total 132 MW
Located in Vaala, onshore northern Finland
Average annual electricity production of 404 GWh, equivalent to the electricity consumption of 80 000 households
Total capital investment (2020-2021) EUR 182 million (total project)
Electricity delivered to the integrated Nordic power market, Nord Pool via Fingrid, Finland’s national power grid
Developer, constructor and operator: OX2
● Facts
Privately owned Norwegian energy company (www.sval-energi.no)
Owner of 15.553% in Gassled, the Norwegian gas transmission system providing more than a quarter of Europe’s natural gas, and 13.255% in Polarled
Participant in the Duva and Nova field developments, subsea tiebacks to the Gjøa platform
Participant in 21 production licenses on the Norwegian continental shelf
50 employees
⦁Backed by HitecVision, the leading energy investor
For matters related to ongoing drilling operations please contact operations@sval-energi.no.
Contact
P.O. Box 130
4068 Stavanger, Norway
post@sval-energi.no
Phone: 51 22 18 10
Invoice
