Increased emphasis on climate policies, the phasing out of fossil power generation as well as targets for electrification and general growth expectations have led to a rapid growth in global demand for renewable energy. Combined with recent years’ cost reductions and technology development, offshore wind is expected to become increasingly more important in the global power market. Based on expertise and experience from offshore operations both in Norway and internationally, Norwegian companies are well positioned to take significant market shares during the development, construction and operational phases for offshore wind farms, both regionally and globally.
