Norway Funds Floating Wind
Norway has awarded 428 million dollars to back two floating offshore wind test projects. The initiative aims to test new technology and reduce renewable energy generation costs over the next five years.
Norway has allocated 3.94 billion crowns ($428M) to fund two floating offshore wind test projects with a combined capacity of 0.3 TWh. State agency Enova announced the funding during Friday morning's session. The grants aim to test and demonstrate new technology designed to cut the cost of floating offshore wind power.
