Norway proposes halving Enova budget to 4.1B NOK in 2027 budget

The Norwegian government proposes cutting Enova's allocation from 7.9 to 4.1 billion kroner, a 3.8 billion reduction, as part of the 2027 budget. This signals a significant policy shift away from state-funded energy transition incentives, potentially slowing Norway's low-emission transition. The full budget is due at 10 AM, so details on broader energy policy are pending.