News
Norway Postpones Floating Wind Tender to 2025 as Gov’t Establishing ‘Common State Aid Model’
The award of 1.5 GW of floating wind capacity in Norway, which was planned for this year, will be held in 2025 as the Norwegian government plans to have the subsidy model in place and announced before allocating the Utsira Nord (Utsira North) offshore areas for development. The government says the decision to establish and […]
WindEurope 2024: Spain, Norway ink supply chain MoU
Basque Energy Cluster and Norwegian Offshore Wind sign document at Bilbao conference. The Basque Energy Cluster and Norwegian Offshore Wind (NOW) have signed a Memorandum of Understanding to strengthen collaboration between the supply chains in Norway and the Basque Country. The agreement was signed at WindEurope Annual Event 2024 in Bilbao this week. Basque […]
Parkwind, Ingka win Norway SN2 auction
Pair’s Ventyr Nordsjø 2 project is now expected to be the first in the area. Parkwind and the Ingka Group’s Ventyr Nordsjø 2 has won Norway’s first auction to develop offshore wind in Sørlige Nordsjø 2. The winning bid in the auction is 115 øre/kWh and two players participated in the auction. Energy Minister […]
Orsted secures €525m Hornsea 3 financing
Export Finance Norway is providing funds for the 2.9GW UK offshore wind project. Export Finance Norway (Eksfin) is providing loan financing of €525m to Orsted based on the purchase of two transformer platforms from Norway’s Aibel for the Hornsea 3 offshore wind farm in the UK. The transaction increases Eksfin’s total offshore wind financing […]
Global turbine orders ‘hit 155GW in 2023’
Wood MacKenzie analysis finds record-breaking heat for China, Western markets Global wind turbine order intake hit new highs in 2023 with 155GW procured for the year, an increase of 16GW from 2022, according to Wood MacKenzie analysis. As both China and Western markets broke records for order intake, annual investment reached an estimated US$83bn, […]
Announcement of areas related to CO2 storage
The Ministry of Energy announces two areas in the North Sea for applications related to CO2 injection and storage on the Norwegian continental shelf. ‘I am very pleased that several companies want storage areas for commercial storage of CO2 on the Norwegian continental shelf. We have developed a system that provides good access to promising areas. […]