Norwegian Parliament Orders Review of Floating Wind Subsidies, Impacting Energy Transition
Norway's parliament has mandated a review of the government's planned subsidy for the country's first commercial floating offshore wind farm. This decision, driven by a proposal from the opposition Conservative Party, has raised concerns about the potential halt of the project and its implications for energy transition efforts. The subsidy in question amounts to 35 billion Norwegian crowns ($3.70 billion) and is intended to support a 500 megawatts (MW) project at Utsira Nord, off Norway's southwest coast. The review has been supported by several parties, including the Progress Party, the Christian People's Party, and the far-left Red Party. The minority government had previously cleared two groups to develop projects and compete for subsidies in 2028-2029. Energy Minister Terje Aasland has warned that the review could jeopardize ongoing and future projects, potentially affecting electricity supply, industrial activity, and jobs. 
