Friday, 23 August 2019 13:34

Norway Approves Funding for Floating Wind Farm

574 Norway Wind Farm

 

The Norwegian government has approved Enova, a government-run entity, for up to NOK 2.3 billion (US$256 million) in funding to develop the world’s first floating offshore wind farm to power offshore oil and gas installations in the northern North Sea. The offshore wind farm will consist of 11 floating wind turbines with a total capacity of 88 MW, enough to meet around 35% of the annual electricity needed of the five existing oil and gas platforms at the Gullfaks and Snorre fields. During periods of high winds, the percentage could even be much higher.

 

 

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