Minister on Norwegian OSW: The subsidy scope is unknown until the auction is complete

Norway’s energy directorate estimates that it will cost NOK 40bn (USD 3.7bn) to develop the nation’s first fixed-bottom offshore wind farm. This amounts to approx. 27m per MW.

NVE has calculated that it will cost around NOK 40bn to develop 1,500MW offshore wind at Sørlige Nordsjø II. This would amount to a price of NOK 27m per MW.

by anders lie brenna, translated by christian radich hoffman

In a parliament statement, the Norwegian government requests NOK 15bn (USD 1.4bn) as a guarantee in support of offshore wind farm Sørlige Nordsjø II and suggests a maximum price of NOK 0.66 per KWh in a two-sided contract for difference (CfD).

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