Nadara will become the sole owner of a portfolio of floating offshore wind projects in the UK and Italy after agreeing to acquire BlueFloat Energy’s 50% stake in their joint venture assets. The joint venture between Nadara and BlueFloat Energy confirmed that the deal covers all of their floating wind projects in the two countries.
According to Nadara, the projects involved will now move forward under the company’s leadership, while existing commitments to suppliers, stakeholders, and local communities are to be maintained. The company also said it will continue to develop commercial-scale floating offshore wind projects in its core markets.
In total, Nadara will assume full ownership of ten projects. The portfolio comprises ten projects: four are in the UK, while six are in Italy. One additional floating wind project, the 1.5 GW Stromar Wind development, sits outside this transaction. Stromar Wind will remain under its current ownership structure, with Ørsted, BlueFloat Energy, and Nadara each holding a one-third share.
In the UK, Nadara will take over four Scottish floating offshore wind sites: Broadshore, Bellrock, Sinclair, and Scaraben. Two sites, Broadshore (900 MW) and Bellrock (1.8 GW), were awarded to the developer through the ScotWind leasing round held in 2022.
At that time, development was led by a joint venture linking BlueFloat Energy with Renantis. Renantis later established Nadara together with Ventient Energy in July 2024.
The partners also obtained rights to two adjacent 100 MW floating wind sites, Sinclair and Scaraben, located next to Broadshore, via Crown Estate Scotland’s INTOG innovation auction.
