{"id":2277,"date":"2022-05-28T13:53:00","date_gmt":"2022-05-28T13:53:00","guid":{"rendered":"https:\/\/nysnoinvest.no\/case\/vargronn-hv-storm-co-invest\/"},"modified":"2026-04-09T12:11:36","modified_gmt":"2026-04-09T12:11:36","slug":"vargronn-hv-storm-co-invest","status":"publish","type":"case","link":"https:\/\/nysnoinvest.no\/en\/case\/vargronn-hv-storm-co-invest\/","title":{"rendered":"V\u00e5rgr\u00f8nn HV Storm Co-invest"},"content":{"rendered":"\n
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V\u00e5rgr\u00f8nn HV Storm Co-invest<\/h1>\n <\/div>\n <\/div>\n<\/section>\n\n\n
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Norwegian offshore wind company\u00a0with international ambitions\u00a0<\/strong><\/p>\n\n\n\n

V\u00e5rgr\u00f8nn is a joint venture established by HitecVision and Eni in 2020, with ambitions to establish as an international offshore wind player. The company will have a particular focus on floating offshore wind and will be a driver for technology development and commercialisation of the offshore wind industry.<\/p>\n\n\n\n

Together with its partners, V\u00e5rgr\u00f8nn has already established a strong position in the Norwegian and Northern European offshore wind industry. The company has joined forces with Equinor to develop floating offshore wind in the Utsira Nord area. V\u00e5rgr\u00f8nn has also acquired a 20 percent ownership in Dogger Bank, which will be the world\u2019s largest offshore wind farm when it is in full production in 2026.<\/p>\n\n\n\n

Offshore wind is crucial for the energy transition<\/strong><\/p>\n\n\n\n

The development of offshore wind will play a crucial role in the energy transition and the road to a net zero-emission society. Strong global growth in installed offshore wind capacity is expected, and V\u00e5rgr\u00f8nn\u2019s ambition is to install 5GW capacity by 2030. This corresponds to electricity supply to 1.2 million Norwegian households.<\/p>\n\n\n\n

With decades of experience from the oil and gas industry, Norway has a unique opportunity to build a new export industry within renewable energy. Nysn\u00f8 has invested in V\u00e5rgr\u00f8nn together with HitecVision\u2019s newly established renewable energy fund New Energy Fund. The fund will invest in renewable energy production, green energy infrastructure and decarbonisation.<\/p>\n\n\n\n

Foto: Dogger Bank Wind Farm<\/em><\/p>\n\n<\/div>\n