Picture of NVE logo

NVEC — NVE News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousMid CapHigh Flyer

Norway to add new wind, hydropower capacity in next few months

OSLO, Nov 2 (Reuters) - Norway aims to have an additional
4.1 TWh of wind and hydropower capacity operational before the
end of this year although some projects could be delayed until
2022, the country's energy regulator NVE said on Tuesday.
    The country currently has 5.5 terawatt hours (TWh) of wind
and hydropower capacity under construction in total, with the
rest due to be completed by 2025, NVE said.
    Onshore wind power will account for 3.7 TWh of the total
capacity under construction, and 1.7 TWh will be hydropower
plants, the regulator said in its third-quarter update.
    Norway has seen a boom in onshore wind power development in
recent years, with 6.1 TWh of new capacity coming online in
2020.  urn:newsml:reuters.com:*:nL8N2K43GX
    However, 2021 is widely expected to be the last year of
large additions as the rapid expansion has caused a backlash
among locals and new permitting is currently put on ice.
    In the third quarter of this year Norway produced 32.7 TWh
of power in total, predominantly wind and hydropower, down 6%
from a year earlier, which saw record high output, NVE said in a
separate report.
    Domestic consumption totalled 27.5 TWh in the third quarter,
virtually unchanged from a year earlier, NVE said.
    Norway also exports power and in late September Nordic power
exchange Nord Pool held its first auction to trade electricity
on a newly launched interconnector between Norway and Britain as
both markets grappled with tight energy supplies.
    Linking Norway's southern NO2 price zone with the British
power market will give Britain access to Norway's hydropower
resources to help balance intermittent wind power, while Norway
will be able to import power during times of high wind to save
water in reservoirs, supporters of the plan say. Some Norwegian
lawmakers, however, say the scheme will lead to exports of
electricity that could best be used at home.  urn:newsml:reuters.com:*:nL1N2QW0XD

    RESERVOIRS LOW
    Norway added 0.4 TWh of power capacity in the July-September
quarter, NVE said, 0.3 TWh of which was wind power, bringing the
running total for 2021 to 1.1 TWh of new power generation.
    Installed wind power capacity in the country stood at 4.2
gigawatt (GW) at the end of the third quarter, equating to an
average output of 14 TWh, NVE data showed.
    In October, Norway's supreme court stripped the Storheia and
Roan wind farms in the Fosen region (544 MW combined) off their
licences, arguing they violated Sami reindeer herders' rights,
although they remain in operation for the time being.
 urn:newsml:reuters.com:*:nL8N2RN8DW
    Installed hydropower capacity in Norway last stood at 33.2
GW, equating to median annual production of around 137 TWh, NVE
said.
    In September, water reservoir filling levels in the country
stood at 68.4% at the end of the quarter, their lowest levels
since 2006 due to a dry year, NVE added.

 (Reporting by Nora Buli; Editing by Susan Fenton)
 ((Nora.Buli@thomsonreuters.com; (+47) 21 04 05 56; Reuters
Messaging: nora.buli.thomsonreuters.com@reuters.net))

Recent news on NVE

See all news