World's biggest wind turbine is financed by Norway

World-Biggest-Wind-TurbineNorway is on its way to finance World's biggest Wind turbine. As per Norwegian utility Lyse and ship designer Inocean, "The Norwegian-built turbine will be tested on land for two years before getting it shipped out to the windy North Sea as under the Sway project which involves oil and gas producer Statoil"

Dissimilar to this most offshore wind projects where turbines rests on the seafloor, new Sway turbines will float. This would result in further development to offshore where winds are stronger and more consistent.

Sway has some developed features conceptually with a view toward reducing turbine weight and the number of moving parts, also it has the use of a gearless generator system, and also this set up is taking place channel public funds into green projects.

"The whole concept of Sway will result in superior energy generation for offshore wind power, and it also tends to lower the operating costs."

Even though Norway's push into floating winds turbine technology, it has been slow in developing a system of subsidies for wind parks such as Britain.