Norway to get 900 MW – without subsidy support
A Finnish petrol billionaire is backing two huge Norwegian projects which will operate on market conditions without subsidy support. While it sounds financially unfeasible, the developer says one key factor makes it possible.
Norwegian developer Grenselandet will construct two 900 MW wind farms in Finnmark, a country in northern Norway on the border with Finland. The two Norwegian companies Vindkraft Nord and Ny Energi have entered a contract with Finnish company St1, owned by Finnish petrol billionaire Mika Anttonen, for the development of the two onshore wind projects Davii and Borealis, which are 700 and 200 MW respectively.
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