Norway Sets Up $3.2 Billion Renewable Energy Fund

It said the cash would help Norway achieve a goal of raising available power by 30 terawatt hours (TWh) by 2016, compared with 2001, from renewable energy sources and by greater efficiency. Its previous goal was a saving of 12 TWh by 2010 versus 2001.

“Bioenergy, windpower, hydropower, and energy efficiency will contribute to new possibilities, new jobs and new optimism over the whole country,” Oil and Energy Minister Odd Roger Enoksen said in a statement.

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