Windpower Monthly rating 4/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
The Norwegian government supports the expansion of wind power. A joint Norwegian-Swedish certificate market was established to incentivise renewable electricity generation, with projects that are finalised before the end of December 2021 eligible to receive certificates for 15 years. Over the same period, end-users are obliged to purchase certificates, such that renewables producers receive payment that exceeds the market electricity price.
Norway’s electricity supply is nearly 100% based on renewable sources — dominated by hydro with wind making up less than 2% share in 2016. The country also has a significant production surplus. However, with export capacity limited, at least in the short term, this makes for low electricity prices.
In the longer term, an increase in interconnector capacity should see higher prices in the Norwegian market and provided new wind farms benefit from the certificate market, investment in wind should be profitable. There has also been increased interest from foreign investors.
The Norwegian grid system is currently being upgraded and further developed in preparation for new generation capacity, while new interconnectors are also required.The Norwegian Water and Energy Directorate is also working to speed up the application process.
Makani has declared the offshore test flights of its 600kW kite-wind demonstrator a success, even though one of the two flights ended in a rather wet crash landing.
Norway's economy and wealth is built on the oil and gas sector, making it vulnerable to falling oil prices and a global shift from fossil fuels to renewable energies. Windpower Monthly looks at how state-owned Equinor and Statkraft are responding -- are they truly diversifying or just paying lip service?
NORWAY/UK:The first commercial floating wind project is close to reality with the turbines mounted on their foundations in Norway and the tugboats ready for the voyage to Scotland.
DENMARK: Virtually one third (33.2%) of Denmark's electricity came from wind during 2013, and the country is well on course to hit its target of reaching 50% by the end of the decade.
NORWAY: Although the first year of Norway's new incentive scheme for renewables saw only two turbines built, the market is very active and this should continue into 2013, with the first projects coming online by early 2014.
Equinor signs up four suppliers for its Hywind Tampen floating offshore wind deal, including Siemens Gamesa Renewable Energy (SGRE) to provide the turbines.
The government has ended work on a national framework for wind power after overwhelming local opposition to the plans.
Equinor has made a final investment decision on its NOK 5 billion (€500 million) Hywind Tampen project, to supply two North Sea oil and gas platforms with power from an 88MW floating wind farm.
After months of planning and modifying Norway's narrow, winding roads, the first turbine has been delivered and installed at Engie and Susi Partners' 208MW Tonstad wind farm.
Statkraft will not pursue wind power development in its native Norway following completion of the 1GW-plus Fosen and two other licensed wind farms, citing profitability concerns.