When it comes to Norway, NVE’s latest long-term power market analysis outlines an increase in electricity consumption in Norway of 56 TWh in 2040, an increase of over 40 per cent compared to today. According to NVE, offshore wind is a key to meeting this power demand.

“Important parts of the initiative are about developing the technology and reducing development costs, and this project could possibly contribute to both. It will be exciting to follow further developments,” said Energy Minister Terje Aasland .