Norway Picks Bidders for First Auction for Offshore Wind Farms [BNN Bloomberg (Canada)]
RWE AG ORD S/ADR (RWEOY)
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Source: BNN Bloomberg
offshore wind farm at a time when soaring costs are hampering the viability of the country's 30 gigawatt wind ambitions. The auction will be “an important step along the road to offshore wind realization in Norway,” Energy Minister Terje Aasland told reporters on Friday. The five companies that are due to take part “are well-qualified to follow through and build this out. We expect those that are now pre-qualified to do what they need to in order to participate in the auction.” Energie Baden-Wuerttemberg AG-backed Norseman wind, Statkraft AS, RWE AG, Parkwind, and Ingka, the investment arm of Ikea's biggest retailing group, were among the other companies chosen. Hydroelectric Corporation and China's Mingyang Smart Energy won't be taking part in the auction. Norway's ambition to translate five decades of developing oil and gas fields in the North Sea into success in the offshore wind industry comes at a time when wind developers and suppliers worldwide are struggling to make new
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