Norway's renewables exports to increase 8-fold by 2030
In December, the two consultant companies Multiconsult and Differ presented a new report “Scandinavian Investment in Renewable Energy in Developing Countries”, on behalf of Zero, Norfund and The Norwegian Solar Energy Cluster.
One important finding is the emergence of a sizable and rapidly growing cluster in Norway, and that the Norwegian business community has the largest number of developers and investors in commercial renewable energy projects in developing countries, compared to Denmark and Sweden.
Building on recently announced plans from the leading companies in the field, I estimate that the total international revenues from Norway’s solar and wind cluster is set to grow exponentially to 8-9 BUSD by 2030. This is an 8-fold increase from the estimated 1,2 BUSD that the Norwegian renewable energy companies generate in terms of export revenues today.