Norway

Norway

Norwegians announce plans for 1400 MW offshore wind plant

Norwegian energy project company Havgul A/S has announced its intention to build a 1400 MW offshore wind farm. It has applied for a concession to the Norwegian Water Resources and Energy Directorate (NVE) to build Havgul I, II, III and IV across four different sites in the jurisdiction of the More and Romsdal local authorities. The most optimistic targets see construction starting in 2007, though the company thinks 2008-09 is more realistic. According to Havgul, the project will consist of 227 turbines installed across a total area of 257 square kilometres. It is expected to cost some NKK 10-12 billion (EUR 1.2-1.5 billion). Havgul is made up of several investors in the Oslo area, many of whom have links with other wind power projects. Financing is dependent on the successful launch next year of a joint Swedish and Norwegian wind power market based on trade of green energy credits (page 28), says Havgul's Emil Thorkildsen. The developer is planning to use wind turbines of up to 8 MW in capacity -- more than double the size of those commercially available today. The site for the project is close to Ormen Lange, Norway's second-largest gas field. A high voltage link is to be provided by state utility Statnett.

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