Power DECODED
Previous edition: 19 Apr 2024
Share article
Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now
Norway signs contracts for first commercial offshore wind farm
The Norwegian Government has signed a CfD with Ventyr Energi to support the development of the country’s first commercial offshore wind farm.
Ventyr Energi recently won the rights to develop a new wind farm in the Sørlige Nordsjø II zone, outbidding major international players such as Aker Offshore Wind and Norseman Wind. Sørlige Nordsjø II could deliver up to 1.5GW of wind power, marking the first step in Norway’s ambitious plans for offshore wind.
Referring to the CfD, Norway’s Minister of Energy Terje Aasland said: “This marks a significant milestone in Norway’s commitment to renewable energy. I strongly believe that Sørlige Nordsjø II can be a catalyst for achieving our ambitions for the offshore wind industry in Norway. This project is also an opportunity for the Norwegian supplier industry to play a central role in a new industrial era.”
”We at Ventyr are excited to take the next step in the development of Sørlige Nordsjø II. Our aim is to create a positive change through innovation in renewable energy and at the same time contribute to creating ripple effects both in local communities and in Norway,” Co-CEO of Parkwind François van Leeuw said on behalf of the Ventyr Energi consortium. “We are honoured to be part of Norway’s future in renewable energy and contribute to the ambition to deliver 30GW of offshore wind power by 2040.”
Norwegian Prime Minister Jonas Gahr Støre has previously expressed his optimism for the future of Norway’s offshore wind sector. Following Ventyr’s auction success in March, he said: “Norway has ocean areas with rich wind recourses, and a supply industry with world-leading technology expertise. We will build on this fundament in the coming years by announcing new areas and new auctions”.
Latest news
Study reveals best locations for wind power
New research published in the scientific journal Communications Earth & Environment has revealed which locations are best for generating consistent wind power.
DEME secures two Dutch offshore cable installation contracts
DEME, a Belgium-based marine contractor, has secured two contracts from cable manufacturer Prysmian for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands.
National Grid launches Viking Link interconnector between UK and Denmark
National Grid, a British electricity and gas utility, has formally launched the 1.4GW Viking Link Interconnector project, a subsea cable connecting UK and Denmark electricity grids.
LS Power looking to divest 5GW gas-fired plants in US
LS Power, an energy owner-developer based in New York, has initiated the sale of a significant portfolio of natural gas-fired plants in the US, reported Bloomberg, citing people familiar with the matter.
In our previous edition
Power Decoded
Thermal power will continue to dominate UAE's power mix in next decade
18 Apr 2024
Power Decoded
Solving wind's dirty secret: innovating wind turbine blade disposal
17 Apr 2024
Power Decoded
‘Sheer scale of the challenge' the biggest barrier to net zero in APAC
16 Apr 2024
Newsletters in other sectors
Aerospace, Defence & Security
Travel and Tourism
Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries
Access more premium companies when you subscribe to Explorer