Overview of Offshore Wind Development in Norway

Norway's offshore wind sector is at a pivotal stage, requiring urgent advancements in full-scale floating projects to enhance cost efficiency and develop the supply chain. The development of floating wind technology has become crucial due to Norway's deep coastal waters, necessitating innovative solutions beyond traditional bottom-fixed projects. Currently, the government is facilitating initiatives like the awarding of contracts for various floating wind areas, signaling progress after years of preparation. The expected growth in this sector, however, must also navigate challenges such as securing environmental approvals and adequately responding to logistical hurdles.