North Sea offshore wind could cause tricky power fluctuations

The major offshore wind build-out in the North Sea could result in periods of both serious electricity surplus and scarcity, thus prompting TSO Statnett’s analysis chief to forecast price volatility.

Photo: Anders Lie Brenna

Europe’s ongoing energy crisis has probably accelerated the green transition, with the EU, UK and Norway all directing major resources toward expanding renewable energy capacity. Much of this attention is on offshore wind, and the market is growing in many regions worldwide.

One region with particularly favorable conditions for the technology is the Norh Sea, where Norway, Denmark, the Netherlands, Belgium and the UK have all announced several initiatives that, when combined, will provide Europe with a massive boost to renewable energy resources.

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