Nordic Renewables Outlook

Fall 2022, 26th edition (2022 – 2050). Renewable cost development, potential, and expected investments in Norway, Sweden, Finland, and Denmark plus more.

"With stronger investment signals than ever and clearer political guidance, the green shift will happen faster than we previously assumed. We also discuss whether nuclear power will have a renaissance in the Nordics." - Sigbjørn Seland, Cheif Analyst

Available on October 27th

Key insights

What does the outlook offer?

Renewable cost development, potential, and expected investments in Norway, Sweden, Finland, and Denmark. The analysis is available in 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 and emissions scenario?

The report includes various framework conditions in the Nordic region – addressing the long-term targets for reducing greenhouse gas emissions in the EU. Analysis of the EU ETS with a possible emissions scenario all the way to 2050 and a detailed analysis of the Electricity Certificates market.

The Nena Energy Session is important for me and my company because it’s interesting to get the latest update about the winter weather and also information about the power market and the El-certificate markets.
Ina Therese Marås
Consultant power trading, Fjordkraft AS

Using StormGeo Power Market Analysis

Details and Specifications

Key discussions for the Fall 2022 Nordic Renewables Outlook.

A climate-neutral Europe by 2050

Emission reduction targets lay the groundwork for investment in the European energy system. The report includes a review of the EU’s climate and energy policies and regulations, including the proposed EU taxonomy.

EU Carbon market

Though we regard governmental facilitation as a necessary addition on the road to carbon neutrality, the EU ETS system will play an important role. The report discusses the EUA market and derives the necessary CO2 price to achieve the long-term goals.

Nordic renewable energy policy

Review of current policies and probable new political initiatives towards 2050.

Cost and technology development

We assess the technology development and future costs of renewables, nuclear power, energy storage, and hydrogen. We present the Long-Run-Marginal-Costs (LRMC) development for the different technologies towards 2050.

Potential and investments

The report discusses the potential and expected investments in the Nordic region up until 2050 for hydropower, wind power, solar PV, Bio CHP, nuclear power, energy storage technologies, and hydrogen.

Renewables project lists

Lists of all large projects under construction or with final investment decision as well as the expected onshore and offshore wind, solar power, large hydropower, and bio-CHP to take an investment decision in the Nordics.

Hydrogen project lists

The report provides an overview of hydrogen projects under development in the Nordic region.

Planned onshore wind projects in the Nordics

A comprehensive database with an overview of potential onshore wind projects pending or with approval.

The Norwegian-Swedish Electricity Certificate market

The stop date is reached. We present the expected electricity certificate price development with complete monthly and annual el certificate balance up to 2045 for all technologies.

Available for pre-purchase now

Speak to one of the StormGeo Nena team today and discover how our power market analyses can help you. The report is available for pre-purchase now.

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