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Renewable energy

Norway's Renewable Energy Policy Handbook 2025

Strategic Insights

— 2 min read

Norway has been at the forefront of renewable energy policies, driving growth in the industry through various incentives and promotional measures. The country's commitment to sustainable energy has been articulated through several key policies, including the Energy Act and the National Climate Plan. These policies aim to increase Norway's renewable energy capacity, with a focus on specific technologies such as hydrogen energy and offshore renewable energy production. The Norwegian government has also introduced auctions and guarantees of origin (GO) to support the development of renewable energy projects.

Key Takeaways:

  • The Norwegian government has set ambitious renewable energy targets, with a goal of increasing the share of renewable energy in the country's energy mix to 95% by 2030.
  • The Energy Act is the primary legislation governing Norway's energy market, outlining the framework for the development and use of renewable energy sources.
  • The National Climate Plan sets out Norway's strategy for reducing greenhouse gas emissions and meeting its climate targets, with a focus on the role of renewable energy in achieving this goal.
  • Hydrogen energy is identified as a key area for development in Norway's renewable energy sector, with the government providing incentives and support for the production and use of hydrogen fuel.
  • The Norwegian government has introduced auctions as a new mechanism to support the development of renewable energy projects, with the aim of attracting private investment and reducing the cost of renewable energy.
  • Guarantees of Origin (GO) are being used to certify the renewable origin of electricity, providing a clear and transparent way to track the origin of renewable energy.
  • The Offshore Energy Act provides a regulatory framework for the development of offshore renewable energy production, including wind and tidal power.

Statistics:

  • Norway aims to increase its renewable energy capacity to 95% of the country's energy mix by 2030.
  • The Norwegian government has set a target of 1 GW of new hydrogen energy production by 2030.
  • The government has allocated NOK 1 billion (approx. USD 120 million) for the development of renewable energy projects through the Energi21 initiative.
  • The number of renewable energy jobs in Norway is expected to increase by 25% by 2030.
  • Norway's renewable energy capacity was 35.6 TWh in 2020, representing 92% of the country's total energy production.

Sources:

  • "Norway Renewable Energy Policy Handbook 2025", ResearchAndMarkets.com, 2024.
  • "Norway's Energy Policy and Strategy", Norwegian Ministry of Climate and Environment, 2022.
  • "National Climate Plan", Norwegian Ministry of Climate and Environment, 2019.
  • "Energy Act", Norwegian Ministry of Climate and Environment, 2019.
  • "Energi21", Norwegian Ministry of Climate and Environment, 2020.

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