The UK has entered a green industrial partnership with Norway, aiming to bolster clean energy opportunities and economic growth.
UK Energy Secretary Ed Miliband, alongside Norwegian ministers Terje Aasland and Cecilie Myrseth, established the partnership, which is set to benefit British workers and businesses.
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The alliance is a key outcome of the strategic collaboration between UK Prime Minister Keir Starmer and his Norwegian counterpart Jonas Gahr Støre.
It will enhance the countries’ long-standing energy cooperation, focusing on renewable energy development, including offshore wind and grid development, and the creation of a North Sea hub for carbon dioxide storage.
Miliband said: “Energy security is national security – and only by working with key partners like Norway can we accelerate clean power that we control, getting us off the rollercoaster of fossil fuels in these unstable times.
“Together, we can invest in a clean energy future and take advantage of the opportunities ahead in the North Sea, with good clean energy jobs and export opportunities for British business – delivering growth through our Plan for Change.”
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By GlobalDataThe agreement is expected to unlock the potential to store up to 78 billion tonnes of carbon dioxide in the UK’s seas, supporting jobs and reducing emissions across Europe.
Research indicates that cooperation on clean energy in the North Seas could reduce bills, create up to 51,000 jobs, and add as much as £36bn ($47.8bn) to the UK economy.
By 2030, the North Sea could generate up to 120GW of offshore wind power, enough to supply more than 120 million homes.
This partnership also aims to enhance the UK and Europe’s energy security and create significant export opportunities for British businesses.
Norway’s Energy Minister Terje Aasland said: “Norway and the UK have a unique relationship in the energy sector, characterised by innovation and close cooperation across the North Sea. I am very pleased that today we are establishing a forward-looking partnership to promote the green transition and further strengthen the collaboration between our two countries.”
Norway has a history of collaboration with the UK, particularly in the development of the North Sea’s offshore sectors.
Norwegian companies such as Equinor, Statkraft, Fred Olsen, and Vårgrønn are already contributing to the UK’s energy transition, with investments in offshore wind, carbon capture, usage and storage (CCUS), and hydrogen.
The green industrial partnership is part of a broader UK-Norway Strategic Partnership that encompasses defence, security, energy, and the green transition.
