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Flotation Energy is an offshore wind developer headquartered in Edinburgh, Scotland^[1].

Developing offshore wind farms using both floating and fixed-foundation wind turbines, Flotation Energy's global portfolio includes projects in the UK, Europe and the Asia-Pacific region^[2].

Flotation Energy was founded Nicol Stephen and Allan MacAskill in 2018,^[3], building on their previous experience developing the Kincardine Offshore Windfarm and other renewables projects.

In November 2022, Flotation Energy was acquired by TEPCO Renewable Power, part of the Tokyo Electric Power Company^[4].

Flotation Energy co-founder Nicol Stephen retired in September 2025,^[5], and Barry Macleod became Chief Executive.

The Green Volt Offshore Windfarm is a proposed floating offshore wind farm located in the North Sea 80 km east of Peterhead. The project is expected to include up to 35 floating wind turbines and have a nominal capacity of 560 MW^[6].

The wind turbines will be located on the site of the decommissioned Ettrick and Blackbird^[7] oil and gas fields. In addition to delivering electricity to the UK national grid, the project is designed to enable the oil and gas facilities in the Outer Moray Firth to be powered by renewable electricity^[8]..

In March 2023, Crown Estate Scotland announced that Flotation Energy and Vårgrønn had been selected as part of the Innovation and Targeted Oil & Gas Leasing Round to develop seabed areas for a total of up to 1.9 GW of floating offshore wind capacity across two projects^[9].

In April 2024, Green Volt announced that it had been granted both onshore and offshore consent^[10], and Crown Estate Scotland entered into an Option Agreement with Flotation Energy and Vårgrønn for the project^[11].

In September 2024, the Department for Energy Security and Net Zero announced that Green Volt had been awarded a Contract for Difference as part of the UK Government’s sixth Allocation Round, with the Secretary of State for Energy Security and Net Zero, Ed Miliband describing the project as the “largest commercial floating offshore wind project in the world”^[12].

The Cenos Offshore Windfarm is a proposed floating offshore wind farm located in the North Sea approximately 190 km east of [Peterhead]. The project is expected to include up to 95 floating wind turbines and have a nominal capacity of up to 1,350 MW^[13].

In March 2023, Crown Estate Scotland announced that Flotation Energy and Vårgrønn had been selected as part of the Innovation and Targeted Oil & Gas Leasing Round to develop seabed areas for a total of up to 1.9 GW of floating offshore wind capacity across two projects, including Cenos^[14].

In February 2025, the Cenos Offshore Windfarm announced that it had submitted a consent application for the offshore elements of the project to the Scottish Government's Marine Directorate^[15].

The White Cross Offshore Windfarm is a proposed floating offshore wind farm located in the Celtic Sea approximately 52 km from the North Devon coast. The project is expected to include up to eight floating wind turbines and have a nominal capacity of up to 100 MW^[16].

In March 2023, the White Cross Offshore Windfarm announced that it had submitted its offshore consent application to the Marine Management Organisation^[17].

In September 2023, the White Cross Offshore Windfarm announced that it had submitted its onshore consent application to North Devon Council^[18].

On 7 May 2025, the members of North Devon Council planning committee voted to approve the onshore planning application for the White Cross Offshore Windfarm and on 26 July, the Marine Management Organisation issued a Marine Licence for the project.^[19].

The Morecambe Offshore Windfarm is a proposed offshore windfarm located in the eastern Irish Sea, in water depths of 18 – 40 metres^[20]. The project is expected to have a nominal capacity of 480 MW ^[21].

In 2021, the Crown Estate announced the outcome of the latest round of its process for awarding leases for seabed sites for the development of offshore wind projects, known as Offshore Wind Leasing Round 4^[22].

As part of this process, joint venture partners Cobra and Flotation Energy were selected together as the preferred bidder for a seabed lease for a new offshore wind project in the Irish Sea^[23]. In January 2023, the Crown Estate announced that it had signed an Agreement for Lease with Cobra and Flotation Energy for the Morecambe Offshore Windfarm^[24].

In February 2025, Copenhagen Infrastructure Partners announced that it had acquired full ownership of the Morecambe Offshore Windfarm project from Cobra Group and Flotation Energy, and that Flotation Energy remain involved after the transaction as a development partner to the project^[25].

• Official website