Hydropower in Norway, Market Outlook to 2030, Update 2018 - Capacity, Generation, Regulations and Company Profiles

1 Table of Contents

1 Table of Contents 2

• 1.1 List of Tables 5
• 1.2 List of Figures 6

2 Executive Summary 7

• 2.1 Global Carbon Emissions Increased by 1.4% in 2017 7
• 2.2 Reduced Cost of Electricity Generation and Government Support Driving Global Renewable Power Installations 7
• 2.3 Top 10 Countries Account for Over 70% of Global Hydropower Capacity 8
• 2.4 Hydropower is the Dominant Source in the Power Mix in Norway 8
• 2.5 Large hydropower contributed 88% of the cumulative installed hydropower capacity in Norway 9

3 Introduction 10

• 3.1 Carbon Emissions, Global, 2001-2017 10
• 3.2 Primary Energy Consumption, Global, 2001-2030 12
• 3.3 Hydropower, Global, Technology Definition and Classification 13
• 3.4 Report Guidance 14

4 Renewable Power Market, Global, 2006 - 2030 15

• 4.1 Renewable Power Market, Global, Overview 15
• 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 16
  • 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 16
  • 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2017 and 2030 18
  • 4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2017-2030 19
  • 4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2017-2030 21
• 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 22
  • 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 22
  • 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2017-2030 25
• 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources 26

5 Hydropower Market, Global, 2006-2030 30

• 5.1 Hydropower Market, Global, Overview 30
• 5.2 Hydropower Market, Global, Installed Capacity, 2006-2030 31
  • 5.2.1 Hydropower Market, Global, Installed Capacity Share by Region, 2017 and 2030 33
  • 5.2.2 Hydropower Market, Global, Installed Capacity Share by Country, 2017 and 2030 34
  • 5.2.3 Hydropower Market, Global, Installed Capacity Share by Segment, 2017 and 2030 35
• 5.3 Hydropower Market, Global, Power Generation, 2006-2030 37
  • 5.3.1 Hydropower Market, Global, Generation Share by Region, 2017 and 2030 39
  • 5.3.2 Hydropower Market, Global, Generation Share by Country, 2017 and 2030 40
  • 5.3.3 Hydropower Market, Global, Generation Share by Segment, 2017 and 2030 42
• 5.4 Hydropower Market, Global, Market Forces Analysis 44
  • 5.4.1 Hydropower Market, Global, Key Drivers 44
  • 5.4.2 Hydropower Market, Global, Key Restraints and Challenges 46
• 5.5 Hydro Market, Global, Investment Trends, 2017-2020 48

6 Power Market, Norway, 2006-2030 50

• 6.1 Power Market, Norway, Overview 50
• 6.2 Power Market, Norway, Installed Capacity, 2006-2030 50
  • 6.2.1 Power Market, Norway, Cumulative Installed Capacity by Fuel Type, 2006-2030 50
  • 6.2.2 Power Market, Norway, Share in Cumulative Installed Capacity Split by Source Type, 2017 and 2030 53
  • 6.2.3 Power Market, Norway, Net Capacity Additions by Fuel Type, 2017 and 2030 54
  • 6.2.4 Power Market, Norway, Comparison of Technologies Based on Installed Capacity, 2017-2030 55
• 6.3 Power Market, Norway, Power Generation, 2006-2030 57
  • 6.3.1 Power Market, Norway, Power Generation by Fuel Type, 2006-2030 57
  • 6.3.2 Power Market, Norway, Comparison of Technologies Based on Power Generation, 2017-2030 59

7 Renewable Power Market, Norway, 2006-2030 61

• 7.1 Renewable Power Market, Norway, Overview 61
• 7.2 Renewable Power Market, Norway, Installed Capacity, 2006-2030 61
  • 7.2.1 Renewable Power Market, Norway, Cumulative Installed Capacity by Source Type, 2006-2030 61
  • 7.2.2 Renewable Power Market, Norway, Cumulative Installed Capacity Split by Source Type, 2017 and 2030 64
  • 7.2.3 Renewable Power Market, Norway, Net Capacity Additions by Source Type, 2018-2030 65
  • 7.2.4 Renewable Power Market, Norway, Comparison of Renewable Power Sources Based on Installed Capacity, 2017-2030 67
• 7.3 Renewable Power Market, Norway, Power Generation, 2006-2030 68
  • 7.3.1 Renewable Power Market, Norway, Power Generation by Source Type, 2006-2030 68
  • 7.3.2 Renewable Power Market, Norway, Comparison of Renewable Power Sources Based on Power Generation, 2017-2030 71

8 Hydropower Market, Norway 73

• 8.1 Hydropower Market, Norway, Overview 73
• 8.2 Hydropower Market, Norway, Installed Capacity, 2006 - 2030 73
  • 8.2.1 Hydropower Market, Norway, Cumulative Installed Capacity, 2006-2030 76
• 8.3 Hydropower Market, Norway, Power Generation, 2006 - 2030 78
• 8.4 Hydropower Market, Norway, Net Capacity Additions by Technology, 2006-2030 80
• 8.5 Hydro Power Market, Norway, Investment Trends, 2017-2020 81
• 8.6 Large Hydropower Market, Norway, Major Active Plants 82
  • 8.6.1 Large Hydropower Market, Norway, Major Active Plants 82
  • 8.6.2 Large Hydropower Market, Norway, Major Projects Under Construction (MW), 2017 83
• 8.7 Small Hydropower Market, Norway, Major Plants 83
  • 8.7.1 Small Hydropower Market, Norway, Major Active Plants 83
  • 8.7.2 Small Hydropower Market, Norway, Major Under Construction Plants 83
• 8.8 Hydro Power Market, Norway, Deal Analysis, 2017 84
  • 8.8.1 Hydro Power Market, Norway, Deal Volume vs. Deal Value, 2006-2017 84
  • 8.8.2 Hydro Power Market, Norway, Split by Deal Type, 2017 86

9 Renewable Energy Policy Framework, Norway 87

• 9.1 Renewable Energy Market, Overview 87
• 9.2 Norway-Sweden Green Certificate Scheme for Electricity Production 87
• 9.3 Quota system 88
• 9.4 National Renewable Energy Action Plan 91
• 9.5 ENERGIX program: Research Council of Norway 91
• 9.6 Act on Offshore Renewable Energy Production (The Offshore Energy Act) 91
• 9.7 Energi21 91
• 9.8 Centers for Environmentally-Friendly Energy Research 92
• 9.9 White Paper on Energy Policies, Norway 92
• 9.10 Horizon 2020: the EU Framework Programme for Research 92
• 9.11 Strategy for Small Scale Hydropower Plants 93
• 9.12 Policy Support for Energy Efficiency 93
  • 9.12.1 Implementation of EU Directives on Energy Efficiency 93
  • 9.12.2 Automobile Fuel Economy 93
  • 9.12.3 Information and Advice on Energy Efficiency and Renewable Energy 93
  • 9.12.4 Investment aid for Energy Efficiency and Renewable Energy Measures through Enova SF 93
• 9.13 Transnova 93

10 Hydropower Market, Norway, Company Profiles 95

• 10.1 Company Snapshot: Statkraft AS 95
  • 10.1.1 Statkraft AS - Company Overview 95
  • 10.1.2 Statkraft AS - Business Description 95
  • 10.1.3 Statkraft AS - SWOT Analysis 95
  • 10.1.4 Statkraft AS - Major Products and Services 98
  • 10.1.5 Statkraft AS - Head Office 98
• 10.2 Company Snapshot: Skagerrak Energi AS 99
  • 10.2.1 Skagerrak Energi AS - Company Overview 99
  • 10.2.2 Skagerrak Energi AS - Major Products and Services 99
  • 10.2.3 Skagerrak Energi AS - Head Office 100
• 10.3 Company Snapshot: Norsk Hydro ASA 100
  • 10.3.1 Norsk Hydro ASA - Company Overview 100
  • 10.3.2 Norsk Hydro ASA - Business Description 100
  • 10.3.3 Norsk Hydro ASA - SWOT Analysis 100
  • 10.3.4 Norsk Hydro ASA - Major Products and Services 104
  • 10.3.5 Norsk Hydro ASA - Head Office 105
• 10.4 Company Snapshot: Hafslund ASA 105
  • 10.4.1 Hafslund ASA - Company Overview 105
  • 10.4.2 Hafslund ASA - Business Description 105
  • 10.4.3 Hafslund ASA - SWOT Analysis 106
  • 10.4.4 Hafslund ASA - Major Products and Services 108
  • 10.4.5 Hafslund ASA - Head Office 108
• 10.5 Company Snapshot: E-CO Energi AS 109
  • 10.5.1 E-CO Energi AS - Company Overview 109
  • 10.5.2 E-CO Energi AS - Major Products and Services 109
  • 10.5.3 E-CO Energi AS - Head Office 109
• 10.6 Company Snapshot: Bergenshalvoens kommunale kraftselskap AS 110
  • 10.6.1 Bergenshalvoens kommunale kraftselskap AS - Company Overview 110
  • 10.6.2 Bergenshalvoens kommunale kraftselskap AS - Major Products and Services 110
  • 10.6.3 Bergenshalvoens kommunale kraftselskap AS - Head Office 110
• 10.7 Company Snapshot: Agder Energi AS 111
  • 10.7.1 Agder Energi AS - Company Overview 111
  • 10.7.2 Agder Energi AS - Major Products and Services 111
  • 10.7.3 Agder Energi AS - Head Office 111

11 Appendix 112

• 11.1 Abbreviations 112
• 11.2 Bibliography 112
• 11.3 Market Definitions 113
• 11.4 Methodology 113
• 11.5 Coverage 114
  • 11.5.1 Secondary Research 114
  • 11.5.2 Primary Research 114
  • 11.5.3 Modeling and Forecasting 114
• 11.6 Contact Us 115