Equinor confirms interest in Norwegian floating offshore wind

The North Sea is perfect for floating offshore wind, but it will not happen without major state aid, says Equinor's CEO.

Photo: Ole Jørgen Bratland/Equinor

It will require political will and a collection of subsidy schemes, if Norway's politicians want to see an offshore wind sector boom along the country's coastline. And under the right conditions, Norwegian state-owned oil major Equinor is interested, says Group Chief Executive Eldar Sætre to Norwegian daily Aftenbladet, report several domestic media.

"I have said it before: We are here. The North Sea is perfect for floating offshore wind, and Equinor can manage development, but not without billions [NOK, -ed.] in state subsidies," Sætre underscores.

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