Magnora and TechnipFMC (FTI) to Form Floating Wind Power

TechnipFMC plc FTI recently announced an agreement with Magnora, a clean energy corporation headquartered in Norway, to jointly develop and support floating offshore wind opportunities.

Magnora primarily owns clean energy growth projects in the offshore wind, onshore wind, and solar sectors. The collaboration will aim to draw on Magnora's clean energy experience as well as TechnipFMC's.

Magnora Offshore Wind has already started the application process for the first phase of seabed leasing under the Scottish government's ScotWind Leasing project. In addition, the merged company is considering engaging in Norway's first offshore wind application round, which starts this year and has ambitions to develop into new markets in the immediate future.

Jonathan Landes, president, subsea, TechnipFMC stated that “Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects. This partnership reflects TechnipFMC’s ambition to capture a significant position in the renewable offshore energy market. We are delighted to support Magnora Offshore Wind by providing our expertise and know-how in bringing innovative offshore energy solutions to the market.”

About TechnipFMC

TechnipFMC is a leading manufacturer and provider of energy-related devices, services, and fully integrated technology solutions. Technip and FMC Technologies merged in January 2017, creating a group that develops, produces, and operates technologically innovative systems and devices for subsea, onshore/offshore, and surface projects.