Norway seeks to open areas to hold up to 3.5 GW of floating wind

20/06/2019 09:50 Wind


Norway’s Ministry of Petroleum and Energy will consider opening two offshore areas for applications to build floating wind parks with a total potential capacity of up to 3.5 GW, it announced today.

The first area deemed suitable is Utsira Nord off the coast of Rogaland. It has the potential to accommodate between 500 MW and 1,500 MW of floating wind capacity. A proposal on hearing to open that area will be sent soon, according to a press statement.


The ministry will also request input on the southern area of Sorlige Nordsjo II, which could hold an estimated 1,000 MW-2,000 MW of generating capacity. The minister of petroleum and energy, Kjell-Borge Freiberg, stated that this area is near the territorial border with Denmark and can be suitable for connections to Europe's continental energy system.


EU power prices could drop 40% on recession – Thema

30/03/2020 10:41:00

Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.


LNG suppliers flood market with excess spot cargoes as demand shrinks

30/03/2020 10:35:00

Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.


World adds 60.4 GW of wind in 2019

27/03/2020 10:29:00

The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.