Calls are growing from business leaders and politicians for the Norwegian government to come up with a firm policy framework to promote accelerated investments in floating wind and other renewables to rescue the country’s ailing contracting sector amid an oil and gas market crash induced by the coronavirus crisis.

The recent slump in oil prices to as low as $20 for Brent crude has highlighted the need for the country’s key energy sector to have another leg to stand on as field investments are slashed in the current downturn.