Havgul Clean Energy

Havgul Clean Energy AS operates as a developer of wind power projects, focusing on both onshore and offshore installations. The company's business model is centered on managing the entire project lifecycle, from initial site selection and feasibility studies to navigating regulatory processes, securing financing, and overseeing construction and operations. This comprehensive approach allows the firm to develop large-scale wind farms in its primary markets of Norway and Sweden, with previous activity in other regions like Finland and the USA. Havgul's revenue is generated through the development and eventual operation of these wind energy assets, supplying clean electricity to the grid. The company's clients are effectively the energy markets and consumers who benefit from the generated power.

The company was established in 2003 by a group of energy industry professionals. The name "Havgul" itself refers to the offshore wind that reaches the Norwegian coast. A significant milestone occurred in March 2015, when Havgul Clean Energy merged its operations with Sweden-based Triventus Wind Power to form Havgul Nordic. This strategic move created a pan-Nordic developer with a combined project portfolio of nearly 1.6 GW across Norway, Sweden, and Finland, aimed at creating economies of scale and reducing development costs. Notable projects in its portfolio have included the Havsul offshore projects and involvement in the extensive Fosen Vind project in central Norway, one of Europe's largest onshore wind power projects. The company is now part of the Fred. Olsen Renewables portfolio, which is owned by the holding company Bonheur ASA.

Havgul's service involves a meticulous and multi-stage development process. It begins with identifying suitable locations by analyzing wind patterns, topography, and environmental factors. The firm works closely with local communities and government agencies to manage the complex environmental and regulatory requirements. The development process includes site preparation, foundation installation, turbine construction, and the installation of electrical infrastructure like substations and cables to connect to the power grid. Havgul has also been involved in advancing wind power technologies, such as floating wind turbines and blade pitch control systems, to enhance turbine efficiency and reliability.

Keywords: wind project development, renewable energy projects, onshore wind, offshore wind, Nordic energy market, wind farm lifecycle management, wind energy developer, clean energy, sustainable energy solutions, Fosen Vind project, Havsul projects, project financing, energy infrastructure, wind turbine technology, regulatory compliance, environmental impact assessment, grid connection, renewable asset management, Bonheur ASA, Fred. Olsen Renewables