Norwegian industry and shipping have significant deliveries to bottom-fixed offshore wind today. Norway’s strong position in maritime and land-based industry gives us a unique starting point for taking a leading role also in the development of floating offshore wind.

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Electrifying the Norwegian continental shelf with mobile offshore wind platforms

The Norwegian-based offshore wind industry can potentially reach a turnover of nearly NOK 85 billion in 2050, but the necessary support must be in place to allow this potential to be reached.

About 30 percent of shipowners state that they have turnover related to offshore wind, amounting to NOK4.9  billion. This is expected to increase to 5.3 billion in 2022.

In particular offshore service companies see opportunities in the offshore wind market. Just over half of companies in this segment have activity in offshore wind. Within five years, this share will increase to two out of three offshore service companies.

The most important factor is establishing a domestic market for offshore wind. This is a critical prerequisite for the supplier industry, making it possible to develop and test technology and operating solutions on a large scale.

As many as 85 percent of Norwegian Shipowners’ Association members believe that a domestic market for floating offshore wind is a prerequisite for being able to compete internationally. We believe that the government’s strategy for offshore wind does not provide the necessary momentum that offshore wind development should have, and fear that this could lead to Norway continuing to lag behind its European competitors.

A national goal should be set to install three gigawatts of capacity on the Norwegian continental shelf by 2030. It is important that the government quickly provide clarifications for phase II of Southern North Sea II. We consider a target of a ten percent share for Norwegian companies in the global offshore wind market by 2030 to be both realistic and ambitious.

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Ready for the offshore wind adventure in Norway

For the industry, further clarifications are urgent if we are to realize offshore wind power development – ushering in a new Norwegian industrial era.

Stable oil policies ensure transition

Norway is the world’s most advanced maritime offshore nation, with the world’s second largest fleet of offshore vessels and rigs.

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The world’s first carbon neutral supply ship

The oil and gas industry must be further developed within the framework of climate policy. The expertise and development capacity of the petroleum industry is also needed to develop new industries on the Norwegian continental shelf, including offshore wind, hydrogen, carbon capture and storage and mineral extraction.

Norwegian shipping companies had NOK 130 billion in total turnover from the petroleum sector in 2021. This constitutes a share of total revenues for shipping companies of 60 percent.

  • Rig companies derive all their income from the petroleum sector.
  • Offshore service companies report 74 percent petroleum-related revenues in 2021.
  • Deep sea shipping companies report that half of of their revenues are related to deliveries to oil and gas companies and the offshore supplier industry,
  • The corresponding figure for short sea shipping companies is twelve percent.

Predictability and stability are ranked by fully 94 percent of shipping companies as clearly the most important factor in ensuring an attractive Norwegian continental shelf. Good framework conditions are crucial for the energy industry in order to maintain Norwegian competence in the maritime cluster and to secure new areas.

Call to action:

  • Norway must have a national goal of three gigawatts of installed capacity on the NCS by 2030 in order to make the era offshore wind a reality
  • The predictability of allocation of new areas for petroleum activity, both in terms of licensing rounds and allocation in predefined areas (APAs), must be maintained
  • There is a need for better infrastructure for transport and storage of CO2
  • The government must provide clarifications for phase II of Southern North Sea II as soon as possible
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Freight transport must be moved from land to sea

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