NorwegianOWPandPVreport

A significant majority of the firms expect to increase their turnover from OWP and PV in the next three

years. Fro

we can see that 90 per cent of the PV firms and 75 per cent of the OWP firms

expect increased turnover. Further, more than half of the surveyed firms expect to invest in increased

production capacity.

Figure 5-35 Firms’ expectations for turnover and investments in OWP and PV for the next three years.

Summing up key findings and conclusions

In this final section, we summarize the main results from the survey and discuss some implications on

the potential for internationalisation of the Norwegian offshore wind and photovoltaic industries.

One first thing to note is that the results describe how most firms base their activities in OWP and PV

on knowledge and experience from other industries. In particular the results exhibit the close

relationship between the oil & gas and maritime industries and offshore wind. We also observe

relations between raw materials in the supply chain and experience from industry and materials. In

both cases this underlines the role of related industries in processes of new industry formation. We

also observe this relation with regards to overlap between actors, in that many firms have activities in

OWP and PV and related industries. We find that this close relationship may offer opportunities and

possibilities to offset some barriers related to weak domestic markets. Many of the firms benefit from

competences and experience from existing offshore and mainland industries in Norway. These benefits

may include the provision of resources, access to international markets and opportunities to develop

and test products and technology. Thus, we see that a transition to renewable energy production may

involve incumbent firms in addition to new entrepreneurs. However, we also see some challenges for

the internationalisation of Norwegian offshore wind and solar firms, some of which can be linked to

the relatedness between existing and new industries. In brief, we can group these into three main

challenges:

25%

50%

75%

100%

Commercialisation of new product or service

Changes in production process equipment

Increased production capacity

Increased turnover

Percentage of firms (

yes

)

OWP