星期二, 15 7 月, 2025
Home PV News Europe Wind power could make Norway "Europe's battery"

Wind power could make Norway "Europe's battery"

OSLO, May 26 (Reuters) – Norway could become "Europe's battery" by developing huge sea-based wind parks costing up to $44 billion by 2025, Norway's Oil and Energy Minister said on Monday.


Norway's Energy Council, comprising business leaders and officials, said green exports could help the European Union reach a goal of getting 20 percent of its electricity by 2020 from renewable sources such as wind, solar, hydro or wave power.


"Norway could be Europe's battery," Oil and Energy Minister Aaslaug Haga told Reuters after she was handed the report, which will be considered by the centre-left government in coming months.


"The thinking is that Norway is blessed, is lucky, to have big energy resources. There is undoubtedly a large potential for wind power," she said. Norway says it has the longest coastline in Europe, from the North Sea to the Arctic Barents Sea.


The 30-page report, mapping out a big shift for the world's number 5 oil exporter, said: "Norway ought to have access to up to 40 terrawatt hours of renewable energy in 2020-2025, of which about half would come from offshore wind power."


Sufficient wind parks — totalling 5,000 to 8,000 megawatts installed capacity — would cost between 100 billion Norwegian and 220 billion Norwegian crowns ($43.89 billion) assuming prices of 20-28 million crowns per installed megawatt.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...