Energy Transitions Podcast: Hedging bets on European offshore wind
Pamela Largue
Posted on: 28 February 2023
David Flood explains why Statkraft has returned to offshore wind and is now working to position itself as an industrial developer and operator in the sector.
Northern Europe, also known as the cradle of offshore wind, is one of the most attractive areas because of its shallow waters, wind speeds, local competencies, and access to established supply chains.
It’s a critical piece of real estate and it’s the centre of Statkrafts renewed strategic focus on offshore wind.
David Flood, Senior Vice President Offshore Wind at Statkraft, explains why the Norwegian hydropower giant has returned to offshore wind and is now working to position itself as an industrial developer and operator in the sector.
"We made a decision to exit the space back in 2017. But what tends to happen with all European utilities is you can't stay away from offshore wind...we found ourselves sliding back into it...
Flood also delves into how Statkraft and Copenhagen Infrastructure Partners are tapping into Ireland's renewables potential and collaborating to further their ambitions in Northern Europe, where offshore wind offers greater interconnectedness and helps ease system integration challenges of large volumes of renewables.
LISTEN NOW
Previous episodes :
Weighing the true cost of carbon capture
Why a gas price cap could worsen the energy crisis
Lessons from a Danish hydrogen pilot project
More insights into offshore wind:
Floating offshore wind: cutting costs, increasing scale and the future hot spots
RWE, Equinor and Hydro plan large-scale offshore wind farm in the North Sea
