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.
BY ANDERS LIE BRENNA, TRANSLATED BY DANIEL FRANK CHRISTENSEN & JONAS SAHL HOLLÆNDER
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.
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