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Norway looks to a green future in a post-pandemic world

4C Offshore | Bridget Randall-Smith
By: Bridget Randall-Smith 01/06/2020 4C Offshore
Norway has presented its financial proposals in the wake of the COVID-19 pandemic. The government proposes that NOK 3.6 billion should be spent on a green restructuring programme.

This includes NOK 2 billion to Enova, a government owned innovation fund, to support green technology development within the supplier, maritime and renewable energy (i.e. hydrogen, battery technology, offshore wind and green shipping) industries.


"We must use this opportunity to learn, innovate, and lay the foundations for green growth that will reduce emissions,” said Business Minister Iselin Nybø.


A further NOK 15 million will go towards a new environmentally friendly energy research centre focused on the challenges of offshore wind, and NOK 10 million to a project, led by Norsk Industri, aiming to identify and establish supply chains and delivery models adapted for the offshore wind market.


"We want to pave the way for business to create green jobs and a more sustainable future. The new research centre will bring together the best in industry, institutes and academia to solve various challenges related to the development of offshore wind power in Norway,"
said Oil and Energy Minister Tina Bru.


"This [project led by Norsk Industri] will help launch a larger project to strengthen industrial cooperation and develop supply chains and delivery models adapted to a rapidly growing market."


Among other investments, NOK 120 million will go to the ENERGIX hydrogen programme, to promote innovation and restructuring in Norwegian business and industry. The government is due to publish its hydrogen strategy in early June.


"Hydrogen will be an important contribution on the road towards the low-emission society. We are now strengthening several of the instruments that help bring hydrogen solutions closer to the market, ”
said the Minister of Climate and Environment, Sveinung Rotevatn.


The financial proposals are still pending final approval from parliament.


While Norway has yet to install any offshore wind, Hywind Tampen, which will receive NOK 2.3 billion funding from Enova, was
recently approved by the Minister for Petroleum and Industry. The Norwegian government is also finalising legislation to allow the opening of new areas for offshore wind.

For more information on offshore wind farms worldwide, click here.

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