More clarity in Norway
The Norwegian government has split Utsira Nord (floating) and Sørlige Nordsjø II (bottom-fixed) into smaller areas (5–6) and introduced a two-step phasing of the bottom-fixed area. As the power will be for domestic use, subsidies may be required at Sørlige Nordsjø II as power prices are lower in Norway than in Europe. With 37 companies announcing their interest, we still see a competitive bidding process.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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