The award of the Sørlige Nordsjø II phase 1 area to the Ventyr consortium, made up of Parkwind and Ingka Investments, the investment arm of the Ingka Group, IKEA’s largest retailer, is a significant step towards Norway’s ambitious target of 30 GW of offshore wind power capacity by 2040. With the first turbines expected in 2030, this 1.5 GW wind farm will play a crucial role in accelerating the country’s energy transition.
Ventyr’s commitment to renewable energy innovation
Jorne Bluekens, Project Manager at Ventyr, expresses his enthusiasm for winning the tender for the Sørlige Nordsjø II project. This success underlines the consortium’s commitment to promoting positive change through innovation in renewable energy. The project is designed to deliver tangible benefits to the local community, particularly in terms of economic opportunities and job creation.
Strategic partnerships and community impact
Ventyr is committed to providing innovative and sustainable energy solutions, maximizing efficiency and minimizing environmental impact. The project will also benefit the communities surrounding the wind farm, creating economic opportunities and jobs. Through strategic partnerships, such as that with Norway’s NorSea Group, and community involvement, Ventyr aims to promote long-term prosperity and growth in the region.
Ingka Investments’ contribution to sustainability
As part of a 7.5 billion euro initiative to support 100% renewable energy consumption across the value chain and beyond, Ingka Investments has invested over 4 billion euros in renewable energy projects, including wind and solar. Of the total €7.5 billion initiative, €1 billion is earmarked for investment in innovation and transition technologies, such as energy storage, hydrogen as an energy carrier and grid infrastructure.
Impact of the project on the Norwegian energy market
Ventyr’s success in the tender for the 1.5 GW Sørlige Nordsjø II concession represents an important milestone in Norway’s investment in offshore wind power. This comes against a backdrop where Norwegian electricity prices played a key role in Oslo’s decision to split the tender in two, with the first 1.5 GW to be connected to the Norwegian grid rather than the higher-priced European markets.
The Sørlige Nordsjø II offshore wind project by Ventyr represents a key milestone in Norway’s efforts to accelerate its energy transition to renewable sources. The collaboration between Parkwind, Ingka Investments and local partners such as NorSea demonstrates the importance of strategic partnerships in the realization of large-scale green energy projects. With the first turbines scheduled for 2030, the project promises to be a major contributor to Norway’s ambition to become a leader in offshore renewable energy production in Europe.
