Norway designates three areas for 2025 offshore wind tender

Norway is moving forward with its plans to develop offshore wind energy, with the country’s oil and energy ministry considering three areas for an offshore wind tender scheduled for 2025. This initiative is part of Norway’s broader goal to achieve 30 gigawatts (GW) of offshore wind capacity by 2040. The Norwegian Water Resources and Energy Directorate (NVE), the country’s energy regulator, has been tasked with evaluating these potential sites, located off Norway’s south and west coasts.

In April, NVE recommended 20 areas suitable for offshore wind farm deployment, but only two of these, Soervest F and Vestavind F, were deemed ready for development by 2025. These two areas encompass Norway’s initial tender locations at Soerlige Norsjoe II and Utsira Nord. Additionally, the ministry has asked NVE to begin a strategic impact assessment for Vestavind B, an area off the west coast known for favorable wind conditions and existing infrastructure.

The specific capacity to be developed in these areas has not been determined yet. The ministry expects the NVE to present its report on these sites by November 2024. Furthermore, the ministry has requested impact assessments for the remaining 17 suitable areas by June 2025 as part of the country’s aim to achieve its 2040 offshore wind target.

Norway’s first offshore wind tenders are currently open, with submissions due by November 1. These tenders include 1.5 GW of bottom-fixed offshore wind capacity at Soerlige Nordsjoe II and up to 2.25 GW of floating offshore wind capacity at Utsira Nord. These projects are expected to deliver clean electricity to mainland Norway starting in 2030, helping meet growing demand for decarbonization in various industries. Several companies, including Equinor, have expressed interest in developing offshore wind projects in Norway.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Singapore pushes for carve-outs from U.S. branded medicine tariffs

Singapore is scrambling for clarity after Washington’s latest trade move put a bullseye on branded medicines. Deputy Prime Minister Gan Kim Yong said local drugmakers are asking the U.S. whether their shipments can escape the newly announced tariffs if they already operate, or commit to expand, manufacturing inside the United States.

Singapore sells roughly S$4 billion (about US$3.1 billion) worth of pharmaceuticals to the American market each year, much of it originator brands, making the sector a critical pillar of the island’s export mix. The concern is immediate because President Donald Trump has unveiled duties of up to 100% on branded drugs, a measure explicitly designed to yank production onshore.

Biden, Xi discussed key issues in first meeting in a year

U.S. President Joe Biden and Chinese President Xi Jinping held a four-hour meeting at the Filoli estate near San Francisco. The leaders had a substantial discussion on Taiwan. Xi emphasized that Taiwan was the most significant and dangerous issue between the U.S. and China…

Italy’s Eni uncovers major oil and gas reserve in Mexico’s Sureste Basin

Italian energy group Eni has made a significant oil and gas discovery in the Sureste Basin, approximately 63 kilometers off the coast of Mexico. The discovery, located in an exploration well known as Block 9, is preliminarily estimated to contain between 300-400 million barrels of oil equivalent (Mboe) of oil and associated gas…

Stay informed

error: Content is protected !!