Norway ramps up offshore wind targets
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
Norway aims to boost its exports of green power under an ambitious offshore wind strategy unveiled this week by Prime Minister Jonas Gahr Store. The government aims to deploy 30GW of offshore wind capacity by 2040, nearly doubling the country’s existing power capacity. A “significant” share of the power generated offshore will be earmarked for export as the Norwegian grid will be unable to manage such large additional volumes. Offshore wind will also be used to electrify Norway’s oil and gas sector. “Increased offshore wind production can also help cover power needs in the petroleum business. The government will therefore consider how the petroleum industry can best contribute, so that the i
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells