EnergyWatch

Statkraft: Drop offshore wind subsidies

The state-owned utility's CEO thinks that a subsidy scheme to accelerate Norwegian offshore wind would be both expensive and unnecessary.

Photo: Frank Boutrup Schmidt/Vestas

If offshore wind is going to have a place in Norway's energy mix, it will have to pay for its own admission ticket, says Statkraft Chief Executive Christian Rynning-Tønnesen, who adds that it would be both costly and unnecessary for the Norwegian state to support the industry.

"I think that we avoid implementing a new subsidy scheme for offshore wind. It would cost an enormous amount of money, and we don't need the power," Tønnesen tells domestic media Teknisk Ukebrev, following his startling remark made at a Norwegian energy conference Thursday evening, where he proposed that the national renewable energy agency, Enova, which distributes subsidy capital from the country's energy fund, should avoid granting general subsidies to offshore wind.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs