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Norway backs two floating wind projects with $428m in funding

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Published on 2026-10-30 10:09:00
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Norway backs two floating wind projects with $428m in funding

Norwegian government agency Enova has awarded Nkr3.94bn ($427.54m) to two companies to develop floating offshore wind demonstration projects off the country’s south-west coast.

Fortius Offshore Wind will receive NKR2bn and Fram Wind Solutions Nkr1.94bn to construct a total of four floating turbines at METCentre’s test site off Karmøy in Rogaland over the next five years. Funding is conditional on the projects being implemented.

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Each turbine will have a capacity of 18.5MW, giving the four installations a combined output equivalent to roughly 20 average onshore wind turbines. Together, they are expected to generate around 300 million kWh annually, sufficient to supply approximately 15,000 households.

The projects are designed to trial and demonstrate emerging technologies, including floating foundations for large-scale turbines, mooring systems, and methods for constructing and operating the installations. These areas are considered critical to driving down costs and making floating offshore wind commercially viable.

Enova CEO E...

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