Wind Energy – Floating Wind
The Norwegian government has proposed approximately EUR 3 billion for a support scheme for the first commercial floating offshore wind tender within the Vestavind F and Vestavind B areas.
“Norway has an enormous potential for floating offshore wind on its continental shelf, but because the technology remains immature and costly, state support is required to accelerate its development. That is why we are proposing an ambitious support scheme. The support scheme will enable the delivery of more power to Norway and pave the way for a new industrial adventure,” said Minister of Energy, Terje Aasland.
The government is making significant progress in following up on its ambitious plan to allocate project areas for 30 GW offshore wind by 2040. The government has recently held a public consultation on the proposed support scheme models for the areas Vestavind B and Vestavind F. Such a scheme must contribute significantly to the development of floating offshore wind, and therefore the government has proposed a state funding framework capped at 35 billion NOK for this purpose in the state budget for 2025.
With this, the government is following up on the petition resolution brought forth by the Norwegian Parliament in conjunction with the revised national budget process in June.
