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Norwegian renewable power revenue beats record

A Norwegian consultancy firm reports that the domestic renewable energy sector has boosted its revenue by 30 percent in one year.

Photo: Thomas Borberg

Renewable power is in a sense faring well in Norway. This last year has seen a surge in new wind power installations, and the combined Norwegian industry reportedly boosted its 2019 revenue by 30 percent relative to 2018, shows a sector report compiled by consultancy firm Multiconsult.

The report finds that onshore wind became the largest renewable power source in the country for the first time, beating other technologies like solar, biomass and hydroelectric. One the main findings is that both photovoltaic and wind energy have progressed considerably as hydroelectric revenue has held steady.

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