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On 11 March 2020, the EFTA Surveillance Authority (ESA) declared Norway’s measure to support the development of the world’s first medium-sized floating offshore wind turbine, Hywind Tampen, compatible with the European Economic Area (EEA) Agreement. The measure consists of an investment grant of NOK 2,3 billion (equivalent to ca. €205 million) for the construction of this offshore wind farm, covering about 43% of the total costs of the project. The project seeks to reduce Norway’s carbon footprint and help it transition towards a more sustainable energy supply.

european state aid law quarterly

Is Hywind Tampen’s State Aid Approval a Kickstart for the Norwegian Offshore Wind Industry? · Decision 017/20/COL Hywind Tampen, EFTA Surveillance Authority · Annotation by Ignacio Herrera Anchustegui Annotation on Decision 017/20/COL of the EFTA Surveillance Authority of 11 March 2020 on the Hywind Tampen Project