The Developers

The Waikato Offshore Wind project is being developed by BlueFloat Energy and Elemental Group. Our partnership brings together complementary skill sets and experience in the global offshore wind industry and deep understanding of the New Zealand energy sector. 

Our development principles

BlueFloat Energy and Elemental Group share the same ethos and development principles with a focus on partnering with mana whenua, and local participation as well as early engagement and delivering enduring benefits for stakeholders and communities. Our goal is to build an industry, not just projects.  Our approach to developing an offshore wind industry in Aotearoa New Zealand includes:

  • Partner with Māori, as kaitiaki, co-governors, owners and joint-venture partners

  • Focus on enduring community-centred outcomes aligned with te ao Māori

  • Commited to biodiversity and marine environment restoration and regeneration

  • Collaborate with wider energy market participants and support common infrastructure solutions to reduce impact

  • Explore synergistic activities such as aquaculture and fisheries

  • Create and deliver skills, training and education

  • Prioritise local procurement and employment

  • Deliver meaningful, secure jobs and career paths

  • Develop projects with positive legacies

  • Accelerate Aotearoa towards meeting its Net Zero targets

Our other projects

BlueFloat Energy

BlueFloat Energy is developing offshore wind projects in various regions of the world, where it can implement its vision: to accelerate global deployment of offshore wind as a key enabler for the energy transition and economic growth. 

Founded by renewable energy professionals, BlueFloat Energy brings together unparalleled expertise in the design, development, financing, construction and execution of offshore wind projects. 

BlueFloat Energy is supported by 547 Energy, the Quantum Energy Partners’ platform dedicated to clean energy investments. 547 Energy aims to partner with innovative companies who drive the growth of the green energy economy. Quantum Energy Partners is one of the world's leading dedicated energy investment funds, with a portfolio of over $ 17 billion of assets under management since its inception in 1998. 

For more information visit:

Elemental Group

Elemental Group is an international energy developer and consultancy headquartered in New Plymouth, dedicated to providing better energy outcomes for our clients. We deliver world class solutions for a world in energy transition, ranging from remote Pacific Island communities to major cities. We aim to create enduring benefits for people and place.

We are diverse, smart, hard-working, and innovative, with services across science, engineering, environment, project management and finance.

For more information, visit:

Waikato Offshore Wind is one of two offshore wind projects launched by the Developer in Aotearoa with total capacity of 2.8GW. We announced our plans for the South Taranaki offshore wind project recently and a link to the website for this project is included below. We will announce details of our additional projects shortly.