💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Norway identifies 13 preferred areas for new wind power projects

Published 01/04/2019, 13:16
Updated 01/04/2019, 13:20
© Reuters. FILE PHOTO: A windmill stands next to the ocean in Utsira, a North Sea island.

By Lefteris Karagiannopoulos

OSLO (Reuters) - Norwegian energy regulator NVE has identified 13 areas it considers to be the most suitable for developing new onshore wind farms, mostly in the country's south, it said on Monday.

Wind power investments are booming in Norway as development costs fall, with some 1.8 gigawatt (GW) of capacity under construction to add to its existing operating farms of 1.7 GW.

The 13 areas contain 16,705 square kilometres (6,449.84 square miles) of recommended land and were chosen from a total of 43 zones that were being considered, the water resources and energy directorate (NVE) said in a proposal to the ministry of petroleum and energy.

"These areas are pointed out by weighing production conditions and network capacity against the effects on the environment and society," ΝVE said.

While NVE's analysis showed many areas in northern Norway had better conditions for wind power, most designated areas were in the south due to limited network capacity in the north and large areas used by reindeer herders.

Many of Norway's indigenous Samis oppose wind farms as the construction work and roads associated with the projects can destroy or degrade lands traditionally used by the reindeer.

By identifying preferred areas for wind power, the NVA hopes to simplify the approval process, although projects must still be vetted individually, it said.

At the end of 2018, there were 610 operational wind turbines in Norway, spread over 35 different power plants. These have a total installed power of 1695 megawatt, and will in a normal year have total production of 5.3 terawatt hours (TWh).

© Reuters. FILE PHOTO: A windmill stands next to the ocean in Utsira, a North Sea island.

In comparison Norway's hydropower, by far the country's largest electricity generation source, in a normal year produces some 136 TWh of power, which corresponds to 94 percent of the Norwegian power production.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.