Offshore wind in the Nordic region may play a part in meeting EU renewable targets in 2020 through the use of the joint projects cooperation mechanism.

The Nordic region has a large potential for offshore wind which is competitive at the European level in the 2020 time frame. While there are many barriers for realizing such projects, establishing a legal and contractual framework and an appropriate support mechanism is feasible.  However, any Nordic country seeking to offer joint projects as part of the 2020 target would need to find find buyers in the near future.

This report has been prepared by THEMA Consulting Group for the Nordic Working Group for Renewable Energy.

Read the report here.