08 April 2010

From Oil Sector to Wind Power

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Eying the vast potential for establishing wind farms at sea, companies along Norway's west coast are making the leap from offshore oil to offshore wind power

Developing offshore wind power could prove just as profitable as petroleum industry projects, and the potential for value creation is enormous.

Statoil and Statkraft, Norway's heavyweight energy companies, recognise this potential and have already secured a key position in Great Britain, where the development of wind power is highly subsidised. The two Norwegian companies, together with the energy companies Scottish and Southern Energy and RWE npower, will develop Dogger Bank, by far the largest British wind power project to date.

West Coast firms at the starting line Other Norwegian companies are also getting in line to compete for contracts for large development projects for offshore wind farms.

More than 40 companies primarily from Hordaland and Rogaland counties have joined the Arena NOW (Norwegian Offshore Wind) network. Every member company has experience in the oil and gas industry; some have already landed their first wind power contracts and completed their first installations.

(Science Daily)

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