COWI to support Equinor’s energy transition

0
10540
Illustration of the Firefly project offshore Ulsan in South Korea.

COWI awarded multi-year service agreement by Equinor, focusing on support with offshore wind projects and low-carbon solutions.

COWI has just been awarded a master service agreement (MSA) by Norwegian energy major Equinor, which is planning to build a 12-16 GW renewables portfolio by 2030. The MSA has three elements – making personnel available for Equinor projects, delivering independent studies, reviews and verifications and engineering scopes of work.

COWI Group CEO Jens Højgaard Christoffersen commented: “Changes are coming. Equinor’s steps may well be a game-changer for the energy transition by inspiring other energy companies to follow. It is an honour to be selected as a partner to support Equinor in this transformation.

“In the coming years, the oil and gas industry will invest billions of euros in transitioning to new energy sources. With our FUTURE-NOW strategy and knowledgeable employees, COWI is placed in the sweet spot. Supporting customers in their green transition lets us fulfil our vision of shaping a more sustainable and livable world.”

To fulfil the Paris Agreement and become carbon-neutral by 2050, the world has started a decisive global transition to low carbon and renewable energy, with offshore wind at the centre of the revolution. Thanks to its technical leadership within offshore wind, COWI is at the heart of that transition.

COWI has worked for Equinor for years, also on renewable projects like the Empire Wind project with a total capacity of 2.1 GW. But the service agreement has an even larger potential for COWI and Equinor to take the partnership to the next level.

Marius Weydahl Berg, Equinor executive vice president of business line Norway, said: “We are proud that Equinor has chosen COWI to help deliver on its decarbonisation and transition plan. The potential scale of the contract means we need to recruit more new colleagues, but I am confident that we will attract some of the best since we can offer the possibility of working on some of the largest and most complex renewable energy projects worldwide.”

The contract runs for five years with options to extend it twice by three years, so it has the potential to run for up to 11 years in total. The first contract under the MSA is the Firefly project offshore Ulsan in South Korea.