The Anonymous Widower

Norway Plans EUR 3 Billion Subsidy For Floating Offshore Wind

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

The Norwegian government has proposed NOK 35 billion (approximately EUR 3 billion) for a support scheme dedicated towards the first commercial floating offshore wind tender within the Vestavind F and Vestavind B areas.

These are the first two paragraphs.

According to the press release, the government is making progress in following up on its ambitious plan to allocate project areas for 30 GW of offshore wind by 2040.

Norway plans to conduct the next tendering round for offshore wind in 2025. After that, the government intends to hold regularly scheduled tendering rounds and state aid competitions leading up to 2040.

The original press release is called A Responsible Approach To Floating Offshore Wind.

Some politicians and green sceptics might not call three billion euros responsible.

I do suspect that Great British Energy will have to deal in this size of numbers to be able to compete with the Norwegians.

We’ll have to work hard to meet our target of 100 GW by 2040.

But at least as the UK’s target is higher, does that mean that the target should be easier. Or do we have more suitable sea?

October 7, 2024 - Posted by AnonW | Energy, Finance | Great British Energy, Norway, Offshore Wind Power, Wind Power