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UK and Norway form energy partnership

PMs agree major partnership to boost investment into renewable energy

The partnership should lead to developments in wind farms in the UK and Norway
The partnership should lead to major wind farm developments in the UK and Norway

A landmark energy partnership has been agreed between UK and Norway set to boost renewable energy investment. UK Prime Minister David Cameron and the Norwegian Prime Minister Jens Stoltenberg have agreed the energy partnership designed to secure affordable and sustainable long term energy supplies between the two countries.
 
The Norway-UK Energy Partnership for Sustainable Growth heralds closer collaboration between the countries across a wide range of energy activities, including renewable energy investment, electricity interconnection and international climate change policy development.
 
Alongside this agreement UK and Norwegian companies have announced billions of pounds of new investment with the potential to create thousands of new jobs.
 
David Cameron said: "The jobs and investments announced today highlight how vital the strong relationship between Norway and the United Kingdom is for our energy security and economic growth. We look forward to strengthening our partnership further, driving investment into a diverse, sustainable energy mix that delivers affordable long term supplies for consumers."
 
Commercial announcements include the Forewind Consortium. This includes Norwegian companies Statoil and Statkraft, which has confirmed its intention to develop the 9 GW Dogger Bank offshore wind project off the East coast of Yorkshire, which could require up to GBP 30bn of investment. This project could provide more than 10 per cent of the UK's electricity needs.

In addition to this project Statoil and Statkraft are investing around GBP 1bn in developing the Sheringham Shoal offshore wind farm off the coast of Norfolk, which is already generating power and will be completed later this year. It will provide power to more than 200,000 UK homes when fully operational. The project employs 500 workers in the field and provides significant secondary employment.

Good progress is also being made in two projects to build one of the world's longest subsea electricity interconnectors between the UK and Norway, which will enable the UK and Norway to share renewable energy resources, with each project worth over GBP 1bn.