Vårgrønn is a pure-play, Norway-based offshore wind company that develops, constructs, operates and owns offshore wind energy projects and related green infrastructure in Northern Europe. Established in 2020 as a joint venture between Plenitude (Eni) and the Norwegian energy investor HitecVision, it has offices in Stavanger, Oslo and London and is also registered in the UK as Vårgrønn Service Co. The company positions itself as an agile, growth‑focused offshore wind developer with a particular emphasis on floating offshore wind, aiming to operate across the full value chain from early development through construction, financing and operations. Its strategy includes supporting electrification of offshore oil and gas assets as part of wider decarbonisation efforts.
Vårgrønn’s portfolio combines operational, construction‑phase and early‑stage projects across key Northern European markets. It owns 27.4% of the operational 288 MW Baltic 2 wind farm in the German Baltic Sea, which comprises 80 turbines and produces about 1,200 GWh annually, and holds a 20% stake in the 3.6 GW Dogger Bank project in UK waters, described as the world’s largest offshore wind farm under construction. In Scotland, Vårgrønn has a 50% interest in the Green Volt floating wind project and jointly develops the Cenos floating project; both are designed to supply power to offshore oil and gas platforms and the UK grid under Scotland’s INTOG framework. The company collaborates with Equinor on floating offshore wind at Utsira Nord in Norway, partners with Corio Generation and Agder Energi for Sørlige Nordsjø II, works with European Energy on Baltic Sea opportunities, and with Energia Group on Northern Celtic Sea and Southern Irish Sea sites in Ireland. Vårgrønn targets at least 5 GW of installed or sanctioned offshore wind capacity by 2030 and complements this growth ambition with an ESG strategy focused on nature‑positive projects, UN Global Compact commitments, local supply-chain development, green jobs, and strong standards on human rights, safety and anti‑corruption.
NOactiveDeveloperJoint Venture· 10 projects