Norway’s ambitions for offshore wind

11 May 2022, the Norwegian government announced its ambitions for offshore wind.

The key elements are:

  1. 30,000 MW installed wind capacity by 2040
  2. Various grid solutions will be considered, i.e. interconnectors to Norway, interconnectors to Europe and cables with two-way power flow
  3. The government will consider how increased offshore wind may cover the need for electricity in the petroleum sector
  4. Licenses for Sørlige Nordsjø II and Utsira Nord may be granted in 2023
  5. The licenses for new areas will be granted incrementally, with the first licenses expected to be granted in 2025
  6. The government will assess how resource rent tax can be introduced on offshore wind
  7. In order to reduce the timeline for license processes by 1 year, NOK 70 million will be granted to carry out feasibility studies during summer 2022

The Norwegian government’s ambitions are considered to be an important part of the green transition in Europe. However, a detailed plan, with concrete goals for development of offshore wind within a specified timeline, should be set out so that potential developers/licensees, the supply industry and players planning to utilise the wind power may make relevant decisions at the right time. For example, specific targets for installed capacity should be set out for 2030 and 2035.