Norway: Siltanews – News Desk
The United Kingdom and Norway have announced a new agreement to accelerate the transition to clean energy, support investment, and boost job creation.
The partnership is part of a UK-Norway Strategic Partnership and will focus on renewable energy opportunities in the North Sea hoping to cement both countries as leaders in the green energy transition.
The shared commitment to invest in offshore wind and green hydrogen projects is central to the new Green Industrial Partnership.
The North Sea is set to play a pivotal role in this strategy, with both nations agreeing to collaborate on large-scale renewable energy infrastructure.
This includes grid development, the protection of offshore installations, and reducing obstacles to developing a cross-border carbon dioxide storage hub.
With the potential to power over 120 million homes through offshore wind by 2030, the North Sea could become a renewable energy powerhouse. Research indicates closer cooperation between the UK and Norway could generate up to 51,000 new jobs, reduce household energy bills, and inject up to £36 billion into the UK economy.
A strategic focus on energy security and economic growth. The agreement comes when energy security has become a critical issue for Europe. By investing in locally generated clean energy sources, both the UK and Norway aim to reduce dependence on volatile fossil fuel markets.