The Energy Republic July Edition 2022

INDUSTRY NEWS
Afreximbank, APPO Sign MOU to
Establish Multi-Billion Dollar African
Energy Bank
"We have Created a Vehicle for the Pooling
of Financial Resources in Africa” - Omar
Farouk
06 08 12
MicCom Makes Cable Industry Attractive
to Fresh Graduates - COO
Equinor and Partners to Build 1GW Offshore
Wind Farm off the coast of Western Norway
Equinor and its partners Petoro,
To t a l E n e r g i e s , S h e l l a n d
ConocoPhillips in the Troll and
Oseberg fields, have initiated a study and
are looking into possible options for
building a floating offshore wind farm in the
Troll area some 65 kilometres west of
Bergen, Norway.
With an installed capacity of about ~1 GW
and an annual production of ~4.3 TWh,
with a startup in 2027, Trollvind could
provide much of the electricity needed to
run the offshore fields Troll and Oseberg
through an onshore connection point. The
Bergen area already serves several of these
installations with power – and needs more
input to its electricity grid. The plan is that
the partnership will buy as much energy as
the wind farm can produce at a price that
can make the project possible.
Power from Trollvind could make a solid
contribution towards electrification of oil
and gas installations, accelerate offshore
wind development in Norway, and deliver
extra power to the Bergen region.
“By producing oil and gas with low
greenhouse gas emissions, we reinforce
the competitiveness of the Norwegian
shelf, maintain activity in the industry and
safeguard future value creation. Trollvind is
a concept where renewable energy works
to facilitate several objectives; helping cut
emissions through electrification,
delivering power to an area where
shortages have already created challenges
for new industrial development, and
Norway maintains its position as a leader in
the industrialisation of floating offshore
wind.
08
Mar n Andjaba, Botscha er der Republik Namibia, Bundesforschungsministerin Anja Karliczek und der
Beau ragte Grüner Wasserstoff im BMBF, Stefan Kaufmann © BMBF/Hans-Joachim Rickel
A full-scale floating offshore wind farm like
Trollvind could boost momentum towards
realising the Norwegian authorities’
ambition to position Norway as an offshore
wind nation, building on expertise from the
oil and gas industry,” says Equinor’s chief
executive, Anders Opedal.
In 2020, the Norwegian parliament
(Stortinget) decided to intensify emission
reductions requirements from the
Norwegian continental shelf from 40 to 50
per cent by 2030. To achieve this target,
large-scale industrial single-point emission
sources, such as offshore oil and gas
installations, must reduce their emissions.
Electrification of installations with long
remaining lifetimes will be a key initiative to
succeed with this transition.
“This initiative provides the supplier
industry with predictability and an offshore
wind portfolio to work with in the years
ahead,” Opedal adds.
“This can be a fantastic opportunity for
Norway and for the industry,” said Shell’s
global EVP, Renewable Generation, Thomas
Brostrøm. “Using our integrated capabilities
to decarbonise existing operations and
accelerate offshore wind development is
exactly the kind of action our companies
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