16 January 2010

445 million NKR-An Important Step towards Realizing a Norwegian Wind Power




Enova has given the commitment of support to Jæren Energi AS's wind power plant on Høy-Jæren, and expansion of Kvalheim Kraft's wind power plant on Mehuken.
A total of 445 million allocated in this announcement round, which will provide just under 300 GWh of new wind power.

-This is an important step towards realizing a Norwegian wind power investment and achieving Enova's goal of development of 3 TWh wind power by 2010. Based on Enova's criteria are High-Jæren and Mehuken rated as the best options. These projects will support because they provide most energy for money, says CEO Nils Kristian Nakstad in Enova SF. Jæren Energy has received the commitment of support to 352 million kroner and Kvalheim Kraft has been promised the support of 93 million.

Different wind farms vary greatly in profitability. Should the great potential for wind power in Norway is triggered is dependent on developing the most affordable and cost effective developments.

-The two wind farms, which is funded in this round requires significantly less support than the next person who stood on the ranking list. As of today appears to wind power as costly, but we believe that costs will go down already at the next round call for proposals. It requires, however, that more will finally licensing, so we will have more competition among the applicants, "says Nakstad.

Norway is currently 1.1 TWh of wind power and with this grant will increase to 1368 TWh.Enova will contribute to the development of the Norwegian wind power market by contract attachment development of 3 TWh wind power by 2010.

-While this is a good start is the Norwegian wind power venture into a decisive phase in the coming years. There is limited room for further support for wind power in Enova's financial framework after 2010. Enova believes therefore that it is urgent to clarify the framework that will apply for Norwegian wind power by 2010, says Nakstad.

Link to information about the projects: http://www.enova.no/vindkampanje

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