Norway Revises Utsira Nord Floating Wind Support Terms

The Norwegian government will adjust the proposed support agreement for the Utsira Nord floating offshore wind project, reducing the penalty for withdrawing before a final investment decision and bringing forward part of the state aid payments.

The changes follow external assessments of technology development, economic spillover effects and the state’s financial risk under the support scheme, presented as part of Norway’s 2027 state budget on 7 October.

The government said the adjustments reflect increased uncertainty around project progress due to the still-immature floating wind supply chain. They fall within the support framework notified to the EFTA Surveillance Authority (ESA) and do not change the state’s total financial commitment, which is capped at NOK 35 billion (around EUR 3.3 billion).

In 2025, the Norwegian parliament authorised the government to commit up to NOK 35 billion in 2025 prices to support floating offshore wind in the Vestavind B and Vestavind F project areas at Utsira Nord.

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