Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 5 October 2018, innogy SE, Shell and Stiesdal Offshore Technologies A/S signed an investment and cooperation agreement committing them to build the TetraSpar full-scale floating wind demonstrator at the METCentre off Norway, with a project budget of approximately €18 million covering the demonstrator installation and its grid connection. This investment decision provided the funding required for construction and deployment of the TetraSpar project, including the associated export connection to the onshore grid.