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Norwegian offshore players competitive on billion-dollar offshore contracts

Norwegian offshore players such as ABB and Kvaerner are well-positioned when it comes to securing contracts within the booming market for offshore wind, assesses analyst firm Rystad Energy to media Sysla.

Photo: Frauenhofer

A billion-dollar offshore market is currently sprouting around Europe, and a number of Norwegian players are well-equipped to compete, assesses analyst firm Rystad Energy to media Sysla.

Over the coming four years, offshore wind investments will reach nearly USD 25 billion in Europe, and Norwegian players will be able to compete for a fifth of this market, assesses the analyst firm.

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