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Electricity Industry Profiles—Norway

  • Executive Summary
    • Executive Summary-Norway
  • Research Scope and Methodology
    • Research Scope
    • Research Profile
    • Forecasting Methodology
  • Norway
    • Key Findings
    • Drivers and Restraints
    • Drivers and Restraints Explained
    • Electricity Market Overview
      • Table Electricity Industry Profiles: Energy Policy, Norway, 2015
    • Energy Policy
    • Fuel Mix Forecast
      • Table Installed Plant Capacity (%)
      • Table Electricity Generated (%)
    • Installed Capacity Forecast
    • Power Investment in Euro
    • Support Mechanisms & Major Incentives
    • Electricity Generation
    • Electricity Retail Market
    • Transmission Network
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1-Vertical Integration
    • Strategic Imperatives for Power and Energy Companies

Electricity Industry Profiles—Norway

Norway is already almost entirely powered by renewable energy, with hydro traditionally dominating. The investment of €5.90 billion in a combination of wind, hydro, and other renewable energy will boost the share of RES in the electricity generation mix to 99% by 2030. Increasing interconnections will lead to greater integration of Nordpool (The Nordic electricity market) with the Baltic states and the wider EU electricity market. This will improve the resilience of the European market and boost renewable energy. Frost & Sullivan projects that with surplus renewable energy sources (RES), Norway could become Europe’s Green Battery. Norwegian natural gas will play an important supply role as an alternative to coal, reducing CO2 emissions in Europe.


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