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Norway secures four new offshore wind sites

The Norwegian energy regulator identified four additional areas that are most suitable for future offshore development. It announced this on Monday. The government will now consult on the findings to determine the best way forward.

Norway is planning to open enough land by 2040 for offshore wind development to reach 30 gigawatts, which could increase the country's capacity to produce electricity by 75%.

Initially, the Norwegian Water Resources and Energy Directorate NVE identified 20 areas that were suitable for offshore wind deployment.

After further study of the remaining land, it found that four other areas were also suitable.

Kjetil Lind, NVE's director, said that NVE had found four areas in southern Norway with better economic, grid and wind conditions. The impact on the environment, other industries and the environment was relatively minimal.

The government must decide which acres to select, he said. The government has not stated how many areas they are hoping to move forward.

Terje Aasland, the Energy Minister, said that the government would conduct a consultation with industry and other stakeholders to get their input. They will also weigh in local support as well as the need for additional power.

Lund, NVE's Lund, who presented the report said that offshore wind in Norway was not profitable at present without significant financial assistance.

The Energy Minister declined to comment on future potential subsidies but stated that he expects costs for offshore winds to decrease over time.

Norway's first offshore turbine farms, Soerlige Nordsjoe II (norwegian crowns worth $2.26 billion) and Utsira Nord (norwegian crowns worth 35 billion), have received state assistance of 23 billion Norwegian crowns.

(source: Reuters)