Norway Pours $424M Into Floating Offshore Wind Development

Norwegian government agency Enova has awarded $424.5 million (NOK 3.94 billion) in funding to Fortius Offshore Wind and Fram Wind Solutions for two floating offshore wind projects that will see four large turbines installed off Karmøy over the next five years.

The projects will be developed at the METCentre floating offshore wind demonstration site in Rogaland, with Fortius Offshore Wind receiving $215.5 million (NOK 2 billion) and Fram Wind Solutions $209 million (NOK 1.94 billion), Enova announced on October 30.

Each project plans to install two floating offshore wind turbines with a capacity of 18.5 MW each, generating a combined 300 million kilowatt-hours of electricity annually, equivalent to the annual consumption of approximately 15,000 households.

The installations will be used to test and demonstrate technologies aimed at reducing the cost of floating offshore wind energy, including floating foundations for large turbines, mooring systems and methods for constructing and operating the installations.

This story was originally published by Offshore Engineer. Read the full story at Offshore Engineer →