# Norwegian climate and renewable energy funding > Developing situation record from CLSTR: https://clstr.news/situations/norwegian-climate-and-renewable-energy-funding > Updated: 2026-10-30T05:36:39.000Z. Sources: 4. Developments: 2. Norway has received significant financial allocations for various climate and energy initiatives. The European Union Innovation Fund awarded approximately 3.3 billion NOK to Norwegian companies for projects including carbon capture and storage and offshore wind. Notable recipients include Aker BP and Höegh Evi for the Atlas Project, which aims to connect industrial clusters to CO2 storage on the Norwegian Continental Shelf, as well as Sirona Technologies and Aker Solutions. Additionally, the Norwegian government agency Enova allocated 3.94 billion NOK to Fortius Offshore Wind and Fram Wind Solutions. These funds are designated for two floating offshore wind projects at the METCentre demonstration site off Karmøy. The projects involve the installation of large turbines intended to test technologies that could lower the costs of floating offshore wind and facilitate large-scale renewable power deployment. ## Timeline ### 2026-10-30: Norway allocates $424 million for floating offshore wind projects Norway's Enova has awarded $424.5 million to Fortius Offshore Wind and Fram Wind Solutions to develop four floating offshore wind turbines off Karmøy to test cost-reduction technologies. 4 sources. https://clstr.news/cluster/norway-allocates-424-million-for-floating-offshore-wind-projects ### 2026-10-20: EU Innovation Fund awards 3.3 billion NOK to Norwegian climate projects Norwegian companies Aker BP, Höegh Evi, Aker Solutions, and Sirona Technologies have received 3.3 billion NOK from the EU Innovation Fund for carbon capture and offshore wind projects. 5 sources. https://clstr.news/cluster/eu-innovation-fund-awards-33-billion-nok-to-norwegian-climate-projects --- Cite as: Norwegian climate and renewable energy funding. CLSTR, https://clstr.news/situations/norwegian-climate-and-renewable-energy-funding