The Green Volt wind farm will supply renewable power to the UK grid and help decarbonise existing oil and gas platforms. It will also help establish a floating offshore wind-specific supply chain across Scotland and the wider UK.
Green Volt Floating Offshore Wind Farm
Project description
The Green Volt project is set to become the world’s first commercial-scale floating windfarm, with up to 35 turbines generating up to 560 megawatts of renewable electricity.
Located in the North Sea, around 80 kilometres off Scotland's east coast, the project will provide renewable electricity for the UK grid. Notably, it will also help decarbonise existing oil and gas platforms by enabling them to replace their standard generators with a more sustainable power source.
Once fully operational, Green Volt has the potential to save one million tonnes of CO₂ each year – a significant contribution to helping achieve Scotland's net zero ambitions.
(Photo: Flotation Energy)
Finer details
The project is expected to attract significant inward investment at both a regional and national level. It's estimated to contribute more than £2.5 billion in gross value added (GVA), with more than £1.3 billion GVA in the UK alone.
In November 2022, Flotation Energy and Vårgrønn submitted an application for Green Volt in the Innovation and Targeted Oil and Gas (INTOG) leasing round through Crown Estate Scotland.
The project has secured its lease option and received onshore and offshore consent. In September 2024, it entered into a Contract for Difference (CfD) with the UK government in Allocation Round 6 (AR6).
It's estimated the final investment decision (FID) will be taken in 2026 and the commercial operations date (COD) will be in 2030.
The project is being developed in partnership by offshore wind specialists Flotation Energy and Vårgrønn.
The project will create opportunities across the offshore wind supply chain.
Last updated: 23 January 2026
Location
Opportunity summary
Green Volt will supply up to 1.5 terawatt-hours (TWh) of renewable energy annually to the UK grid and support the electrification of the oil and gas industry – a key factor in helping Scotland reach its emissions targets.
The project will also drive the development of a specialised floating offshore wind supply chain across Scotland and the wider UK, with opportunities for a range of manufacturers and suppliers.
During its construction phrase, Green Volt will create more than 2,800 direct jobs. Another 100 roles will be needed to operate and maintain the wind farm for the duration of its lifespan – estimated to be 35 years.
Read more on the Green Volt project websiteopens in a new window
Photo: Flotation Energy
Partners
Edinburgh-based Flotation Energy has developed both fixed and floating offshore wind projects with a total capacity of some 13 gigawatts across the UK, Ireland, Taiwan, Japan, and Australia.
Working both independently and in collaboration with a range of partners, it focuses on using innovative, cost-effective tech solutions to support the transition to sustainable, affordable energy.
Norway-based company Vårgrønn is a joint venture between the energy company Plenitude (Eni) and the Norwegian energy entrepreneur and investor HitecVision.
Vårgrønn specialises in the development, construction, operation, and ownership of offshore wind projects and related infrastructure, with upcoming and potential projects planned for England, Scotland, Ireland, Norway, and the Baltics.
It also has a 20% share in Dogger Bank, the world’s largest windfarm currently under construction.
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