Norwegian opportunities in European offshore wind

Photo: Equinor

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In the next four years, Europe will invest around NOK 230 billion in offshore wind, of which Norwegian players will be able to compete for SEK 50 billion, Rystad Energy believes.

Audun Martinsen, head of analysis for offshore services in the consulting firm Rystad Energy, tells Sysla that countries like Germany, the UK and Denmark are leading the development globally, while developments in Asia are expected to accelerate.

Investments on the Norwegian continental shelf, primarily from the Hywind Tampen project, will amount to nine billion. It will supply power to the Gullfaks and Snorre oil platforms.

In relative terms, offshore wind is not preliminary, compared to investments in oil and gas, but if Norway is to keep up, they must be involved already.

Martinsen cites Kvaerner, ABB, Aibel and the Subsea 7 company Seaways as examples of suppliers from Norway that may be relevant.

According to the IEA estimates, around 15-20 percent of the cost of each offshore wind project goes to the installation, 20-25 percent to foundations, 20-30 percent to cables and 30-40 percent to the turbines themselves.

© NTB Scanpix / #Norway Today

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