Fram Wind Solutions AS, a joint venture partly owned by BW Offshore, secured a NOK 1.94 billion grant from Enova to develop a floating offshore wind project featuring two 18.5 MW turbines, the largest globally, with a combined capacity of 37 MW. The project uses BW Ideol's patented Damping Pool floating foundation technology, already proven in operation offshore. This grant supports scaling floating wind technology to commercial levels, aiming to reduce costs and validate viability for large-scale deployments. The grant requires final investment decisions, financing, and supplier agreements within 24 months to proceed.
BW Offshore's joint venture grant news is contextually set against the Energy sector's market data on Pluang. For readers following Energy stocks, here is Pluang's market snapshot as of Nov 02, 2026 21:02 WIB: out of 79 priced US Energy stocks, 15 rose and 64 fell. Notable prices include NXT at USD 82.43 (+3.89%), LNG at USD 318.00 (-3.73%), and INDO at USD 2.61 (-3.69%).
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