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Oil and gas majors shelve 1GW floating wind farm off Norway

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Oil and gas majors shelve 1GW floating wind farm off Norway | Windpower Monthly

Oil and gas majors shelve 1GW floating wind farm off Norway

Fossil fuel giants including Equinor, TotalEnergies and Shell have indefinitely postponed plans for their Trollvind project off Norway – a 1GW floating offshore wind development slated to power North Sea oil and gas platforms.

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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