A Flotation Energy restructuring is expected to affect 15–20 UK jobs, according to reNEWS and Energy Voice, as Green Volt advances towards detailed design and procurement. The developer, owned by Japan’s TEPCO, employs about 130 people in the UK.

A company spokesperson, whose comments appeared in both publications, said the reorganisation was intended to preserve the capabilities needed for its long-term plans and formed part of a wider review of the business.

reNEWS attributed the reductions primarily to a change in focus as Green Volt progresses beyond initial development and regulatory approvals. The publication indicated that roles across the developer’s UK operations would be affected, while its commitment to Green Volt remained unchanged.

Planned off Scotland’s eastern coast, Green Volt has a proposed capacity of up to 560 MW and has obtained consent for both its onshore and offshore elements. A Contract for Difference awarded through the UK’s sixth allocation round covers 400 MW. reNEWS also reported that the project holds a confirmed Gate 2 grid offer for 2029.

Vårgrønn, which holds 50% of Green Volt, is reportedly seeking to sell its stake. reNEWS cited market sources for the sale process and said the redundancies were understood to be unrelated to it. Energy Voice separately reported that it understood there was no connection between the two.

ETZ Ltd chief executive Maggie McGinlay voiced concern for the employees affected and welcomed Flotation Energy’s continued commitment to Green Volt. She highlighted the project’s importance to north-east Scotland and the country’s ambitions for commercial floating wind, noting that its consents and CfD put it among the projects capable of progressing to delivery at scale.

McGinlay also said offshore wind companies commonly adjust their organisation as the work shifts from developing projects to delivering them.