Source Galileo creates Source Galileo Norge AS and launches offshore wind development in Norway
London and Haugesund, 9 November 2022: Source Energie Norge AS becomes Source Galileo Norge AS following formation of the joint venture between the European offshore wind developers Source Energie and Galileo.
Source Galileo is already active in developing offshore wind projects in Irish and UK waters as well as onshore renewable energy projects in the UK, with a current development potential of over 5 GW.
The Norwegian offshore wind industry is slated to mark the third wave of building large-scale Norwegian energy industries, after hydropower and oil & gas. The Norwegian government has put a target of 30 GW for offshore wind development by 2040, representing an expected investment of over NOK 600bn (€60bn), once the projects are constructed.
Source Galileo Norge, led by Gunnar Birkeland, CEO, will lead offshore wind developments in the Norwegian sea areas, as they will be released by the Norwegian government over the next 10 years. Source Galileo Norge aims to develop, build, own and operate high quality offshore renewable energy assets.
Source Galileo Norge will be an integral part of the overall business venture of Source Galileo and will lead, from its base in Haugesund, in several important technical areas, as Norway develops its supply side focus for the offshore wind industry. Source Galileo Norge is currently finalising important partnerships in Norway, which will be announced separately.
“It's an exciting time to step into this leadership role in offshore wind development in Norway, particularly in the floating sector, which can both anchor a large supply side development effort in Norway and mark the third wave of Norwegian energy industries after hydro power and oil & gas."
Gunnar Birkeland, CEO of Source Galileo Norge, has many years of experience in the offshore sector and is the current chairman of the Norwegian Offshore Wind Industry cluster. Gunnar previously led Unitech in its development of offshore cabling for wind and subsea connections in the oil & gas industry and led the operational phase of the world’s first floating offshore wind turbine – Unitech’s Zefyros / Hywind Demo – south of Utsira.
As part of its technology focus, Source Galileo Norge is evaluating a number of floating offshore technologies and also working through a number of green hydrogen offtake solutions in Norway and neighbouring markets like the UK and Ireland.
Gunnar Birkeland, CEO of Source Galileo Norge, commented: “It is an exciting time to step into this leadership role in offshore wind development in Norway, particularly in the floating sector, which can both anchor a large supply side development effort in Norway and mark the third wave of building Norwegian energy industries after hydro power and oil & gas. We look forward to building the team across Norway and developing great projects in the years to come”.
Ingmar Wilhelm, Chairman of Source Galileo, commented: “We are delighted to launch the Norwegian development effort and particularly delighted to welcome Gunnar to the team. The Norwegian government’s strategic vision for the offshore wind sector, combined with Gunnar’s sector knowledge and dynamism, makes us confident that we will play a significant role in the energy transition in Norway with substantial positive impacts on the transition in Europe as a whole”.
About Source Galileo
Source Galileo, a joint venture of Source Energie and Galileo, was founded to accelerate the roll-out of large-scale renewable energy projects as part of the energy transition to a sustainable future. The team behind Source Galileo has led over 15 GW of wind and solar PV projects on a global scale, including 5 GW of offshore wind projects in UK and Irish waters. Established in London and Dublin, and now Haugesund in Norway, Source Galileo is currently developing over 5 GW of offshore wind, solar PV and storage projects across Norway, the UK and Ireland.
Galileo is led by Ingmar Wilhelm, a business developer and entrepreneur in the field of renewables and energy transition. Galileo is supported by four strong institutional investors; Infratil Limited, the Commonwealth Superannuation Corporation (CSC), the New Zealand Superannuation Fund (NZ Super Fund) and Morrison & Co Growth Infrastructure Fund (MGIF), who are fully committed to long term development and operations of high- quality renewable energy projects in Europe.
Contact the Press Office
Chief Development Officer, Source Energie
+44 (0) 7920 751516
Source Galileo Norge
Gunnar Birkeland CEO
Source Galileo Norge AS
T +47 9098 1029