Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Thyssenkrupp Nucera Advances 600-MW Green Hydrogen Project
  • Ineratec Launches Europe’s Largest Green Hydrogen E-Fuels Plant, Era One
  • TotalEnergies Acquires Solar and Battery Storage Pipeline from Low Carbon
  • NuScale’s NRC Approval Sets Stage for America’s Next Generation SMR Power Solutions
  • Yunnan’s Baochi Energy Storage Station Pioneers Grid-Forming Sodium-Ion Battery System
  • Why Physics Dooms the “Green Hydrogen” Fuel Dream
  • NEOM Green Hydrogen Project 80% Completed
  • Green Hydrogen – Pillar of European Industrial Policy but Not Without Challenges
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Europe
Green Hydrogen H2 News

Eni and HitecVision launch JV for renewable energy projects in Norway

Anela DoksoBy Anela Dokso11/11/20202 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Eni and HitecVision have established a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market.

Vårgrønn intends to play a major role in the development, construction, operation and financing of renewable energy projects in the country.

As a first step, the company will pursue opportunities in the offshore wind sector by participating in the upcoming Norwegian tender processes for offshore licenses, also supporting Vår Energi’s ambition to reduce climate emissions through the electrification of its upstream assets.

Furthermore Vårgrønn will explore opportunities within renewables, with a long-term ambition of reaching an installed capacity in the region of 1 GW towards 2030.

Olav Hetland, formerly responsible for the offshore wind activities of Statkraft, Europe’s largest renewable energy producer, has been appointed CEO of Vårgrønn.

“We look forward to being part of a new market for offshore wind in Norway, using the skills and experience built over decades in the Norwegian petroleum sector”.

Olav Hetland.

Vårgrønn represents a strategic step forward in the energy transition process pursued by Eni and HitecVision. Both companies are strongly committed to contributing to the energy transition.

Eni outlined a new phase in the evolution of its business model, which will create value by combining economic and financial sustainability with environmental sustainability.

“This new joint venture is part of Eni’s overall strategy for decarbonisation and contributes to the progression of our transformation path towards green energy and the circular economy. Offshore wind projects may offer Eni the opportunity to further develop our offshore skills, deploy innovative technologies and promote digitalization in the renewable energy chain”.

Massimo Mondazzi, chief operating officer Energy Evolution of Eni.

By allowing private companies to submit license applications for offshore renewables, the Norwegian Government has marked an important step towards creating a domestic offshore wind industry.

HitecVision is a private sector investor in the Norwegian oil and gas industry, and has announced an ambition of also becoming a major contributor to the energy transition through future investments in renewable energy and infrastructure.

“As a global leader in offshore operations and a major energy nation, Norway is in a position to develop a leading offshore wind industry and unlock significant value creation. We see this opportunity as an attractive investment case.”

Ole Ertvaag, CEO and founding partner of HitecVision.

The company will be owned by Eni (69.6 percent) and HitecVision (30.4 percent).

Share. LinkedIn Twitter Facebook Email

Related Posts

Thyssenkrupp

Thyssenkrupp Nucera Advances 600-MW Green Hydrogen Project

04/06/2025
Hydrogen

Ineratec Launches Europe’s Largest Green Hydrogen E-Fuels Plant, Era One

04/06/2025
TotalEnergies Acquires Solar and Battery Storage Pipeline from Low Carbon

TotalEnergies Acquires Solar and Battery Storage Pipeline from Low Carbon

04/06/2025
NuScale's NRC Approval Sets Stage for America's Next Generation SMR Power Solutions

NuScale’s NRC Approval Sets Stage for America’s Next Generation SMR Power Solutions

04/06/2025
hydrogen

Yunnan’s Baochi Energy Storage Station Pioneers Grid-Forming Sodium-Ion Battery System

04/06/2025
Hydrogen

Why Physics Dooms the “Green Hydrogen” Fuel Dream

03/06/2025
Thyssenkrupp

Thyssenkrupp Nucera Advances 600-MW Green Hydrogen Project

04/06/2025
Hydrogen

Ineratec Launches Europe’s Largest Green Hydrogen E-Fuels Plant, Era One

04/06/2025
TotalEnergies Acquires Solar and Battery Storage Pipeline from Low Carbon

TotalEnergies Acquires Solar and Battery Storage Pipeline from Low Carbon

04/06/2025
NuScale's NRC Approval Sets Stage for America's Next Generation SMR Power Solutions

NuScale’s NRC Approval Sets Stage for America’s Next Generation SMR Power Solutions

04/06/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.