World’s number 5 oil exporter, Norway has big energy resources and by 2025 it could become “Europe’s battery”.
The island of Utsira, Norway – image by tualatin
A recent study talked about developing sea-based wind parks that would allow access up to 8,000 megawatts of renewable energy, equivalent to about eight nuclear power plants. Exporting green energy would actually help the European Union to attain their goal to get 20-percent of the total energy from renewable sources such as solar, wind, waves or hydro power.
The investment for the wind parks would cost up to $44 billion but if we consider they pump out 2.2 million barrels of oil per day, it will probably take only 6 months to cover it.
Norway has the longest coastline in Europe and using wind power they expect to have “access to up to 40 terrawatt hours of renewable energy in 2020-2025, of which about half would come from offshore wind power.” If the authorities will consider the project and it will be built, it may cut 20 million tonnes of heat-trapping carbon dioxide emissions.
Way to go Norway.