GoliatVind, a floating offshore wind farm planned in Arctic waters, received 2 billion Norwegian crowns as state funding on Friday. Norway perceives the yet costly technology as a major contributor to industrial development and emission cuts. The project in the Barents Sea, comprising five 15-megawatt turbines, seeks to extend power to Hammerfest.
It has successfully beat out six more applicants in a tender raised by the governmental agency Enova. Norway also hopes that the floating offshore...