The Norwegian Ministry of Energy has officially launched the tender to award three areas for floating wind power projects in Utsira Nord. The initiative aims to strengthen the supply of renewable energy, foster technological innovation and open up new opportunities for the country’s supply industry.
The opening of tenders for floating wind power projects
Each of the three bidding areas will be able to accommodate an installed capacity of up to 500 MW, totaling 1.5 GW. Selection will be based on objective criteria such as project maturity, estimated costs, technical feasibility, degree of sustainability and the potential to generate positive knock-on effects for the local economy.
The award model contemplates two stages. In the first stage, the zones will be assigned to the three applicants with the highest scores in the competition. Subsequently, those selected will go through a maturation phase to qualify for state aid. Only those who present financial guarantees and meet the requirements will be able to participate in the auction.
The maximum date for financial support is set at NOK 35 billion. The winner will be the one who applies for the lowest subsidy amount for developing a project as close as possible to 500 MW. Unsuccessful bidders will be able to maintain exclusive rights to the awarded area under current regulations.
The Water Resources and Energy Directorate(NVE) is conducting a strategic environmental assessment of the identified marine areas, the result of which is expected by June 2025. This review will analyze the coexistence of wind energy and wind energy with other activities and impacts on the natural environment, providing a key basis for future decisions.
Applications must be submitted by September 15. The Ministry of Energy has shown confidence in receiving high-level proposals from the floating wind industry, considering this competition as a decisive step towards greater energy autonomy and long-term sustainability.
Follow us on social media and don’t miss any of our posts!
LinkedIn Facebook Instagram X (Twitter) TikTok
Source and photo: Regjeringen
