Norway proposes $3.29bn subsidy for 2025 floating wind tender
On 7 October, the Norwegian government announced a proposal to provide up to Nkr35 billion ($3.29 billion) in subsidies for its planned floating wind tender in 2025. The funding, based on a 500 MW reference project, is intended to support the development of floating offshore wind, a key growth area for Norway’s renewable energy sector. The tender will be Norway’s first commercial floating wind round, with the country targeting 30 GW of offshore wind capacity…