Developer profile
Vårgrønn
outlook pending Stavanger, Norway
About
A Norwegian offshore wind company owned by Eni's renewables arm together with a Norwegian energy-focused private equity investor, created as a vehicle for offshore positions in Northern Europe. It takes minority stakes alongside larger operators rather than leading construction itself, and its portfolio spans the North Sea and Norwegian waters, including floating projects.
11 yrs
In the waterfirst COD 2015
7
Projects3 countries
0.08 GW
Delivered & operating1 project, net of stake
0%
On-time deliveryacross 4 projects with a dated COD trail · mean +1.8 yr slip
On-time delivery compares each project’s first announced completion date with its latest. Directional — a developer’s share of a project is traced through joint ventures, and the sample is small.
Outlook
Stated target
Target discontinued / none stated
Return discipline
—
Portfolio
7 held · live stages first, exits lastCapacity is net of ownership stake — a 50% JV counts half. Gross exposure (full nameplate of every project held): 6.30 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| EnBW Baltic 2 | Germany | Operational | 288 | 27.4% | 79 |
| Dogger Bank B | United Kingdom | Under Construction | 1200 | 20% | 240 |
| Dogger Bank C | United Kingdom | Under Construction | 1200 | 20% | 240 |
| Dogger Bank A | United Kingdom | Under Construction | 1200 | 20% | 240 |
| Green Volt | United Kingdom | Advanced Development | 560 | 50% | 280 |
| Cenos | United Kingdom | Early Development | 1350 | 50% | 675 |
| Utsira Nord (Area 1 - Equinor/Vargronn) | Norway | Early Development | 500 | 35% | 175 |