The project, situated on the boundary of the northern Norwegian Sea and Barents Sea, will have an installed capacity of 75MW. Credit: Jacopo Landi/Shutterstock.

ENEOS Holdings’ renewable energy division, Eneos Renewable Energy, has agreed to purchase a 20% interest in the GoliatVind floating offshore wind farm project in Norway.

The project, situated on the boundary of the northern Norwegian Sea and the Barents Sea, will have an installed capacity of 75MW, with five 15MW wind turbines mounted on Odfjell Oceanwind’s semi-submersible steel foundations.

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Targeting a commercial operation date of 2028, the GoliatVind project’s other stakeholders are Source Galileo, Odfjell Oceanwind and the Kansai Electric Power Group.

Galileo Norge owns the largest share at 40% and the other partners each hold 20%.

Floating offshore wind power is still in its initial stages in Japan. The country considers it as crucial to its target of building up to 45GW of offshore wind projects by 2040, as reported by Reuters.

In August 2024, Tokyo Gas, Japan’s leading city gas supplier, announced its acquisition of a 21.2% share in the operational WindFloat Atlantic floating offshore wind power project in Portugal. This move is aimed at gathering operational and maintenance expertise in the floating offshore wind sector.

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In March, the GoliatVind wind farm secured Nkr2bn ($189m) in state funding. Norway is keen on floating offshore wind as a means to ensure an industrial future for its offshore supply industry.

The financial details of the GoliatVind transaction have not been disclosed.

The investment by Eneos Renewable Energy is its second in the floating offshore wind farm space, following the Gotō City offshore wind project in Japan.