Nordic Renewables Outlook

StormGeo Nena
Nena Analysis

Spring 2021, 23rd edition (2021 – 2045). Renewable investment potentials and expected renewable development in Norway, Sweden, Finland and Denmark, in addition to the usual analysis of the Electricity Certificates market.

The EU increases its ambitions for climate policy and goes for a 55% emission reduction in 2030.

Available March 25, 2021

Key insights

What does the outlook offer?

Renewable investment potentials and expected renewable development in Norway, Sweden, Finland, and Denmark, in addition to the usual analysis of the Electricity Certificates market. The analysis is available as pdf and paper versions, including a spreadsheet with all relevant calculations from the analysis.

Does it discuss energy storage technologies?

The report discusses relevant energy storage technologies to enable the extensive development of renewable energy.

Will it also include framework conditions in the Nordic region?

It includes various framework conditions in the Nordic region - addressing the long-term targets for reducing greenhouse gas emissions in the EU.

Details and Specifications

Key discussions for the Spring 2021 Nordic Renewables Outlook

Nordic renewables report v2

Review of renewable policy in the Nordic countries:

Probable new political initiatives and expected development in renewable investments towards 2045.

EU’s climate policy:

The EU increases its ambitions for climate policy and goes for a 55% emission reduction in 2030. We discuss the EUA market and provide the necessary CO2 price to achieve the long-term goals of emission reductions.

LRMCs towards 2045:

LRMCs towards 2045 for onshore and offshore wind power, rooftop and utility scale solar power, energy storage and hydrogen. We provide an estimate of the future market price of hydrogen.

Onshore wind projects pending or with approval:

A comprehensive database with a detailed overview of more than 100 TWh potential onshore wind projects pending or with approval.

Large projects under construction:

Overview of large projects under construction as well as the expected onshore wind, large hydro, bio and offshore wind power projects to take an investment decision.

Nordic renewable investments:

Merit order overview of Nordic renewable investments from 2020 to 2030.

Overview of hydrogen projects

Overview of PPAs associated with Nordic renewable investments.

Electricity certificate price development:

Expected electricity certificate price development with complete monthly and annual el certificate balance up to 2045 for all technologies, according to phase-out and accumulate balance development.

Available March 25, 2021.

Speak to one of the StormGeo Nena team today and discover how our power market analyses can help you. The report is available from March 25, 2021.

Nena Analysis

Nena Analysis

Nena Analysis builds fundamental models and methods with strong emphasis on a combination of economic theory, market models, weather impacts and marginal cost calculations.

Our analyses reveal coherence between numerous price drivers, enabling us to explain substitution pricing, and ultimately consequences for future pricing of various commodities.

Explore Nena Analysis