Equinor-led group to develop offshore wind grid project in Norway

A total of NOK 125.5 million (USD 14.5m/EUR 12.2m) will be invested in the Ocean Grid project as part of which new technology, knowledge and solutions will be developed to enable a profitable realisation of offshore wind grid plans in Norway.

Iselin Nybo, Norway’s minister of trade and industry, announced on Friday that this three-year project will receive NOK 82.7 million in financial backing from the state through the Green Platform scheme, while project partners will contribute the balance. These partners are named below.

The Ocean Grid project will place a particular focus on the way offshore wind farms, whether bottom-fixed or floating, will be connected to the grid and will seek to address the issue of market design and the regulatory framework related to the development and operation of an offshore grid.

Moreover, the partners will work on Norwegian technology and a supply industry to deliver new cable designs, subsea technology and floating converter stations.

(NOK 10 = USD 2.256/EUR 0.973)

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