Norwegian prime minister Jonas Gahr Store
Norway ramps up offshore wind targets
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
Norway aims to boost its exports of green power under an ambitious offshore wind strategy unveiled this week by Prime Minister Jonas Gahr Store. The government aims to deploy 30GW of offshore wind capacity by 2040, nearly doubling the country’s existing power capacity. A “significant” share of the power generated offshore will be earmarked for export as the Norwegian grid will be unable to manage such large additional volumes. Offshore wind will also be used to electrify Norway’s oil and gas sector. “Increased offshore wind production can also help cover power needs in the petroleum business. The government will therefore consider how the petroleum industry can best contribute, so that the i
Also in this section
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
8 January 2025
If they are ambitious enough, NDCs can provide investable pathways to deliver each country’s energy transition and keep the world on track to limit global warming
2 January 2025
The hurdles standing in the way of rapid move away from fossil fuels are proving harder to clear than first thought
31 December 2024
Governments, developers, investors and lenders are keen to support and scale up cutting-edge energy transition projects, but funding such projects will require innovative financing and strategic collaboration
