Odfjell plans to power oil with floating wind with newly formed Source Galileo

Norwegian drilling contractor Odfjell Oceanwind is working with new European venture Source Galileo to develop floating wind and supply green power for oil and gas production.

The partners aim to bid for the Utsira Nord seabed lease off Norway and other floating wind farms in Europe, and also electrify oil and gas installations. 

They plan to use Odfjell’s semi-submersible floating mobile offshore wind units, which are designed for standalone floating wind farms as well as electrification of oil and gas operations.

Source Galileo is a newly formed venture of UK developer Source Energie and European renewables developer and investor Galileo. It aims to develop more than 5GW of onshore and offshore renewable energy and storage projects in Ireland, Norway and the UK.

The group has a pipeline of offshore wind farms with capacities ranging between 500MW and 2GW, and is setting its sights on projects using either fixed-bottom foundations or floating platforms. It also has a UK onshore wind pipeline of about 1GW.