2. Norway in a unique position
• Abundance of renewable energy to
moderate costs
– Almost all electricity from
renawables
– Large exploitable wind and
waterfall resources
• Water power offers good flexibility
• Good institutional framworks
– Market based energy supply
• The climate callenges increases the
value of these resources
• This represents industrial
opportunities
2 NOU 2012:9 Verdiskaping, forsyningssikkerhet og miljø
19.03.12
4. EU 20 20 20 Ambition
20 % Transition to renewable energy
EU’s ambitions:
"20 20 20 whitin 2020" 20 % Reduction in CO2 emissions
20 % Energy efficiency improvment
Norway:
• signed EU’s Renewable directive
• 69% of total energy consumption from renewables
• Approx. 100% of electricity consumption from hydro power
• common green certificate marked with Sweden where the
ambition is to increase the production of renewable energy by
26,4 TWh by 2020
5. Hydro Power resources in Norway
Source: NVE
• 600 TWh/year theoretical potential
• 206 TWh/year possible exploitation potential (2011)
8. Norwegian stairway to Offshore Wind Utilities
Norwegian large scale ramp up
Market Access to Europe
Market Mechanisms supporting OW
Offshore Grid Development
First Demonstration Offshore Wind Farm
Regulatory Framework – new Act of Ocean Energy
Cost reduction– Qualifying Technologies
R&D – 2 FME Offshore Wind
Time
19. TEs approach to the renewable challenge
• Joint Venture on Norways largest onshore wind power
project – 50% increase of our production
• Investing in offshore wind engineering – Owec Tower
• Developing Bio oil and gas production from Norwegian
fish farming waste – BioKraft
• Investing in Solar Wafer recycling technology –
Metallkraft
• Renewable R&D relations with Norwegian University of
Science and Technoloy ‐ NTNU