Mr Sveinung Rostad

Sveinung Rostad

Updates

Energy & Natural Resources

What security options are available for lenders to offshore wind projects?
Norway | 15 June 2020

Equinor's pioneering Hywind Tampen project – set to become the biggest floating wind farm in the world – marks the first foray into offshore wind production in Norway. There are high hopes for the potential of this industry in a country with a long coastline and considerable offshore energy production expertise. However, a number of issues must be resolved in order for offshore wind production to become a commercially viable industry in Norway.

Government abandons national framework for land-based wind power
Norway | 09 March 2020

Following a public hearing, the government has abandoned its plan to finalise and approve a national framework for land-based wind power. According to Prime Minister Erna Solberg, the framework's purpose was to reduce the conflict that land-based wind power has experienced in recent years. However, the public hearing showed that the framework may have had the opposite effect.

Security options for lenders in offshore wind projects
Norway | 02 March 2020

Equinor's Hywind Tampen project – set to become the biggest floating wind farm in the world – marks the first foray into offshore wind production in Norway. There are high hopes for the potential of this industry in Norway, which has a vast continental shelf and territorial waters and considerable expertise in traditional offshore energy production. That said, a number of issues must be resolved in order for offshore wind production to become a commercially viable industry in Norway.

NVE will not extend commissioning deadlines beyond 31 December 2021
Norway | 17 February 2020

The Norwegian Water Resources and Energy Directorate recently announced restrictions on its practice of extending commissioning deadlines for wind power farms. The purpose of extending commissioning deadlines was to meet the political goal of promoting and supporting investments in new wind power farms. However, according to a recent report, concessions for wind power may prevent the positive alternative development of the relevant land and prolong local conflicts.