Wind Power Project Faces Setback in Northern Norway

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Norway has rejected a proposed 800-MW windfarm in northern Norway due to concerns over its impact on the wilderness and indigenous Sami culture.

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Market impact analysis based on bearish sentiment with 70% confidence.

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Bearish
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70%

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Norway is rejecting an application for an 800-MW windfarm in its northernmost county Finnmark, citing irreversible impact on the wilderness and the traditional indigenous Sami culture. NVE, the Norwegian Water Resources and Energy Directorate, on Tuesday announced it is rejecting the application of Grenselandet AS to build and operate the Davvi windfarm in the Lebesby municipality that would have covered an area of 63 square kilometers (24 square miles). The application is rejected because the project would be located in…

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