Norway to Step up Offshore Wind in Efforts to Promote Sustainable Energy

On Wednesday, Norway revealed its plans to broaden its coastal wind energy initiative by 2040 in its efforts to adopt greener and more sustainable forms of energy.

According to Reuters, the Norwegian government has fixed a goal of developing 30 gigawatts (GW) of offshore wind capacity by 2040. "A significant portion of the electricity will be exported to other countries," it disclosed in a statement.

Norway’s Prime Minister Jonas Gahr Stoere stated at a news conference that the proposed plan would “nearly double our power output."

This comes after the country unlocked two regions in the North Sea to establish as much as 4.5 GW of bottom-fixed and floating offshore wind, with the first offer for 1.5 GW anticipated to come out during the later part of the year.

Hailing the move, the Norwegian Oil and Gas Association said in a statement, "This will lay the foundation for industrial ocean wind development."