Irish energy firm secures €175m funding from Norwegian state for floating offshore wind project

Source Galileo, the Irish renewable energy company backed by the investment arm of Ikea, has secured €175 million in funding from the Norwegian government to part-finance its development of a major floating offshore wind farm close to the Arctic Sea.

Enova, a €3 billion climate and innovation investment fund owned by the Norwegian state, announced this week it has awarded €175 million to the Goliat floating offshore wind project, which Source Galileo is developing in ...