Electricity Industry Profiles—Norway

Electricity Industry Profiles—Norway

Electrification of Transport will Drive New Investment in Renewable Energy, Forecast to be €5.90 Billion during 2015–2030

RELEASE DATE
14-Sep-2017
REGION
Europe
Research Code: 9AAE-00-63-00-00
SKU: EG01816-EU-MR_20741
$1,500.00
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Description

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.

Table of Contents

Executive Summary—Norway

Research Scope

Research Profile

Forecasting Methodology

Key Findings

Drivers and Restraints

Drivers and Restraints Explained

Electricity Market Overview

Energy Policy

Energy Policy (continued)

Energy Policy (continued)

Fuel Mix Forecast

Installed Capacity Forecast

Power Investment in Euro

Support Mechanisms & Major Incentives

Electricity Generation

Electricity Retail Market

Transmission Network

Growth Opportunity 1—Vertical Integration

Strategic Imperatives for Power and Energy Companies

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
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.
More Information
No Index No
Podcast No
Author Swagath Navin Manohar
Industries Energy
WIP Number 9AAE-00-63-00-00
Is Prebook No