Climate love
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Grace Njeri

8 w

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Government of Norway

Climate love

Norway announces floating wind subsidy limit of $3.3 billion.

Norway has confirmed a subsidy cap of $3.3 billion for its floating wind power projects. This significant investment is aimed at bolstering the country's renewable energy capacity and advancing offshore wind technology. The floating wind farms, which are part of Norway's broader energy transition efforts, represent a shift towards more sustainable energy sources and a means to reduce reliance on fossil fuels.
This development aligns with Norway's ambition to leverage its strong offshore wind potential, especially in deep waters where traditional fixed-bottom turbines are not feasible. By setting a subsidy cap, Norway ensures that the projects remain financially sustainable while encouraging innovation in the floating wind sector.
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https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://uk.marketscreener.com/quote/stock/ENI-S-P-A-413403/news/Norway-confirms-floating-wind-subsidy-cap-of-3-3-billion-48012607/&ved=2ahUKEwjH9JXLw_yIAxUM97sIHY6kHuAQFnoECBMQAQ&usg=AOvVaw0iPQQen5fEN44g2ue-1hW7



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  • Louisa Radice

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    4 w

    Why don't you give the link directly rather than via Google? (And why Google rather than Ecosia?!)

    • Jane Wangui

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      With the current status in global warming, green energy is the way to go.Bravo! Norway

      • rosebellendiritu

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        6 w

        Great job .. Green energy is our future and we all need to embrace it sooner and make the world a better place .

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        • We Don't Have Time

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          Dear Grace Njeri Your climate love has received over 50 agrees! We have reached out to Government of Norway by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

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          • Princess

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            8 w

            This investment is bound to accelerate the development of cutting-edge floating wind technology, unlocking vast potential in offshore wind resources..Well done Norway 🇳🇴

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            • Joseph Githinji

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              This is a blessing to our environment, Norway has shown the globe a great example to follow in the roadmap to attaining sustainability.

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              • Annett Michuki..

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                8 w

                @joseph_githinji I can't agree more

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              • walter lungayi

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                8 w

                It reflects a strategic approach to balancing investment in renewable energy with fiscal responsibility. This cap may encourage innovation while ensuring sustainable growth in the offshore wind sector.

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                • Kihm Francis

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                  Norway is leveraging its expertise in offshore oil and gas to lead the transition toward sustainable energy solutions.

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                  • Annett Michuki..

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                    @frankoh_kihm_080 the country is doing a great job in promoting biodiversity sustainability

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                  Re-watch all our COP29 broadcasts

                  We need to stop methane and #BuyMoreTime