Faced with the prospect of a power deficit in 2030, DNV expects Norwegian authorities to act and make available more onshore and offshore wind capabilities.
“We estimate that Norway will install 13 GW onshore wind and 21 GW offshore wind within 2050. Costs, especially for floating wind, are too high today but will come down significantly due to innovation and research. This presents great opportunities for an experienced and capable Norwegian supplier industry,” says Sille Grjotheim, Global Segment Director, Floating Offshore Wind at DNV.
During the opening session of Science Meets Industry: Offshore Wind at Fevik Monday, Grjotheim presented key takeaways from DNV’s annual and reputed Energy Transition Outlook.
According to DNV, 28 per cent of global electricity in 2050 will be generated by wind power – onshore, bottom-fixed offshore and floating. Europe will be leading the way with a predicted 45 per cent of wind generated electricity.
In Norway, demand for electricity grows by 60 per cent by 2040 and doubles by 2050, according to DNV. Norway will be the second most electrified country in the world – behind Iceland – but will still not meet national emission targets.
“Growing domestic electricity demand comes as a result of electrification of transportation, new data centers and AI, industrial demand, and electrification of oil and gas activities. We need to pick up the pace,” said Grjotheim.
Her message was echoed by Knut Erik Steen, Director Oil & Gas Technology Suppliers at the Federation of Norwegian Industries (Norsk Industri).
“We need a comprehensive sector plan to secure the establishment of a substantial home market. We must define goals, priorities and actions to reach national targets. We should find the cost of doing nothing and understand the consequences of doing nothing,” said Steen.
