Norway plans to build floating wind farms. However, experts believe that they will "drown" due to high costs.
In September, the Norwegian Ministry of Energy announced the first tender for the construction of commercial floating wind farms and applications from two consortia.
"Offshore wind energy is one of the priorities of the government's activities to ensure sufficient energy in the coming years," said Energy Minister Terje Osland.
The Government will review the applications and announce their compliance with the established criteria in the first half of 2026. After that, the selected participants will have two years to work on projects.
Norway has set a goal to increase wind generation capacity by 30 GW by 2040.
At the same time, experts doubt the success of floating power plants.
"Norway is unlikely to succeed in its future tender for the construction of an offshore wind farm with floating turbines in the North Sea due to high costs," StormGeo chief analyst told Montel.
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