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POWER: Nordic Region Could See A 17GW Power Deficiet By 2035

POWER
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New forecasts by Norway’s NVE indicate that Norway could see a power deficit of 2.5GW by 2035, while the Nordic region is expected to encounter a substantial shortfall of 17GW, NVE said. 

  • The reason for the improvement in Norway is due to hydropower upgrades – which will lead to an additional 4GW of capacity.
  • Norway has a power surplus of 1.5GW now but by 2035 a deficit of up to 2.9GW is anticipated.
  • And increased electrification and reliance on weather-dependent power may weaken the Nordic power balance by 2030, especially during cold, low-wind periods. This could lead to disconnection in the worst case.
  • Uncertainty exists regarding the future power balance and further monitoring is recommended, NVE noted.
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New forecasts by Norway’s NVE indicate that Norway could see a power deficit of 2.5GW by 2035, while the Nordic region is expected to encounter a substantial shortfall of 17GW, NVE said. 

  • The reason for the improvement in Norway is due to hydropower upgrades – which will lead to an additional 4GW of capacity.
  • Norway has a power surplus of 1.5GW now but by 2035 a deficit of up to 2.9GW is anticipated.
  • And increased electrification and reliance on weather-dependent power may weaken the Nordic power balance by 2030, especially during cold, low-wind periods. This could lead to disconnection in the worst case.
  • Uncertainty exists regarding the future power balance and further monitoring is recommended, NVE noted.