In Norway, 98 percent of the electricity production come from renewable energy sources. Hydropower is the source of most of the production.
Modern Norway was built and industrialised when we started to utilize rivers and waterfalls to produce electricity. Hydropower is still the backbone of the Norwegian power system, and will remain so in the foreseeable future.
The Norwegian Storting (parliament) determines the political framework for energy and water resources management in Norway. The Government has the executive authority through its various ministries.
A common Norwegian-Swedish market for electricity certificates was established 1 January 2012. Norway and Sweden have a combined goal of establishing 26.4 TWh new electricity production based on renewable energy in 2020. Norway and Sweden are each responsible for financing 13.2 TWh in the certificate system, regardless of the amount of production that is located in each of the two countries.
Today, the Norwegian government presented a White Paper on energy policy – Power for change – an energy policy towards 2030. The main message is that security of supply, consequences for climate and economic growth must be considered together to secure an efficient and climate friendly energy supply.
The Norwegian Ministry of Petroleum and Energy has today granted Statnett licenses for two new electricity interconnectors, one to Germany and one to the United Kingdom. In total, this will increase Norway’s interconnection capacity with near 50 percent. Statnett plans commissioning of the cable to Germany in 2018, while the cable to the UK is planned commissioned in 2020.