Formalisation of the Norwegian government’s long-awaited targets for offshore wind power development off its shores in the coming decades has “created a new mindset for industry” that will spur the large capital investments needed to accelerate the Nordic nation’s energy transition, according to the regional chief of developer Aker Offshore Wind (AOW).

Sebastian Bringsværd, who before joining AOW led the floating wind division of Norwegian energy giant Equinor, sees Oslo’s ambition of installing 30GW of wind power in the country’s waters by 2040 as not only building on the legacy of “green and cheap electrons [that] have been a ‘given’ in Norway for the last 100 years” via hydropower, but also setting the stage to shape the future blue economy in the northern seas.