– Sørlige Nordsjø II are successful

There was considerable skepticism about how many developers would bid on the Sørlige Nordsjø II. Now, the bidding round has entered its third day.

The anticipation surrounding whether anyone would bid on Sørlige Nordsjø II (SN II) in the North Sea was palpable. This offshore wind project represents the first major development in Norway, marking the commencement of Norway’s offshore wind adventure.

Now, on the third day of the bidding round, there are at least two competitors bidding against each other. – This demonstrates that the government’s offshore wind policy and the frameworks we have established for SN II are successful, says Energy Minister Terje Aasland to the newspaper Dagens Næringsliv.

The offshore wind industry has faced headwinds due to rising costs, and there was uncertainty about whether the government’s subsidy package of NOK 23 billion would be sufficient for SN II.

The investment requirement for Southern North Sea II is estimated to be between NOK 60 to 80 billion.

About Southern North Sea II

The Norwegian government announced in February 2022 that the first phase of the SN II area would undergo an auction for the development of 1.5 GW of power to the Norwegian mainland. The second phase of SN II could include a hybrid solution (1.5 GW) that provides power to both Norway and Europe.

The SN II area, located at the very south of the North Sea near the border with Denmark, was opened for offshore renewable energy production on June 12, 2020.