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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 15 Jun 2020

What security options are available for lenders to offshore wind projects?

Equinor's pioneering Hywind Tampen project – set to become the biggest floating wind farm in the world – marks the first foray into offshore wind production in Norway. There are high hopes for the potential of this industry in a country with a long coastline and considerable offshore energy production expertise. However, a number of issues must be resolved in order for offshore wind......
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 9 Mar 2020

Government abandons national framework for land-based wind power

Following a public hearing, the government has abandoned its plan to finalise and approve a national framework for land-based wind power. According to Prime Minister Erna Solberg, the framework's purpose was to reduce the conflict that land-based wind power has experienced in recent years. However, the public hearing showed that the framework may have had the opposite effect.
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 2 Mar 2020

Security options for lenders in offshore wind projects

Equinor's Hywind Tampen project – set to become the biggest floating wind farm in the world – marks the first foray into offshore wind production in Norway. There are high hopes for the potential of this industry in Norway, which has a vast continental shelf and territorial waters and considerable expertise in traditional offshore energy production. That said, a number of issues must be......
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 17 Feb 2020

NVE will not extend commissioning deadlines beyond 31 December 2021

The Norwegian Water Resources and Energy Directorate recently announced restrictions on its practice of extending commissioning deadlines for wind power farms. The purpose of extending commissioning deadlines was to meet the political goal of promoting and supporting investments in new wind power farms. However, according to a recent report, concessions for wind power may prevent the positive......
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 30 Sep 2019

Raudfjell and Kvitfjell wind farms commence operation

The first wind turbines in one of Europe's largest land-based wind farms recently commenced operation. The Kvitfjell and Raudfjell onshore wind farm (known as 'Project Northern Lights') is located near the city of Tromsø in northern Norway and comprises 67 turbines with an individual installed effect of 4.2MW and an aggregate installed effect of 281.4MW. The turbines use the latest......
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 15 Jul 2019

Upstream parent company guarantee challenged in court for first time

For the first time, the Norwegian courts have ruled in a case regarding the scope of the parent company guarantee (PCG) for licensees on the Norwegian Continental Shelf. The Borgarting Court of Appeal recently overturned a district court judgment and largely accepted the Norwegian government's interpretation of the PCG's scope of applicability. Although the ruling, which is likely to be......
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 1 Apr 2019

Enforcement in Norway: Insolvency related foreign judgments

Foreign judgments can be enforced in Norway if (a) the parties have agreed to the jurisdiction of the foreign court or (b) there is a treaty between…
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 15 Mar 2019

Enforcement in Norway: Second decision from the Court of Appeal after Supreme Court quash in Deutsche Bank's enforcement action

Monetary judgments are enforced in Norway by first obtaining a forced execution lien in the debtor's assets and then requesting the assets to be sold…
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway | 7 Mar 2019

Hardly any abuse limitation for anchoring suits in Norway

In a decision of December 2018, Borgarting Court of Appeals has considered whether there is any abuse limitation in the Lugano Convention Article 6 no…
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Advokatfirmaet Simonsen Vogt Wiig AS | Norway, USA | 25 Jun 2018

Cybersecurity on Norwegian Continental Shelf

Operators and non-operating petroleum licensees on the Norwegian Continental Shelf must establish emergency preparedness and implement measures to deal with any risks to their petroleum activities. Traditionally, this emergency preparedness planning has been directed towards conventional risks, such as non-deliberate accidents and emergencies resulting from human mistakes, technical errors or......
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