Norway’s plan for a full-scale carbon capture and storage project could end up a financial disaster, according to a new report that includes an increased cost estimate for the venture. The likely cost of building and operating the project over 10 years — most of which would be funded by the government — could be as much as 25 billion kroner ($2.6 billion), according to an independent report published by the government on Thursday. That’s 8 billion-kroner more than estimated by a previous study, although that only covered five years of operations. Lawmakers earlier this year pushed the government to prepare the ground for an investment decision this autumn, but the latest report is likely to give some politicians reason to think again.
Energy Voice 26th June 2020 read more »