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Electricity in Faroe Islands in 2022

Global Ranking: #30
38.1% #85 Low-carbon electricity
906.08 watts #32 Generation / person
413.07 gCO2eq/kWh #101 Carbon Intensity

As of 2022, the Faroe Islands' electricity consumption is heavily reliant on fossil fuels, which account for approximately 62% of the energy mix. However, the region has made significant strides in incorporating low-carbon electricity sources, which altogether make up around 38% of their energy profile. Hydropower is the largest contributor among the clean energy sources, contributing about 26% to the total electricity generation, followed by wind energy, which provides nearly 12%. Despite these efforts, the overwhelming reliance on fossil fuels highlights a significant opportunity and need for the Faroe Islands to further diversify into low-carbon sources to combat climate change and reduce air pollution.

Suggestions

To increase low-carbon electricity generation, the Faroe Islands could focus on expanding their existing wind energy capacity, which is already producing substantial electricity. Drawing inspiration from Denmark, where wind power generates over half of the country's electricity, the Faroe Islands can follow a similar path by investing in more wind turbines and upgrading their grid infrastructure to accommodate the increased wind energy output. Other countries like Uruguay and Ireland also provide excellent models, as wind energy generates 35% and 32% of their electricity, respectively. Additionally, while nuclear energy is not currently part of the Faroe Islands’ electricity mix, studying the models of countries such as France and Slovakia, where nuclear power contributes between 40% to 65% of the electricity generation, could provide valuable insights into how a small country can effectively incorporate nuclear energy as a reliable, clean, and sustainable electricity source.

History

The history of low-carbon electricity in the Faroe Islands has been marked by incremental developments, particularly in hydropower. Starting from 2002 up until 2017, the hydropower capacity saw consistent contributions without significant increases, maintaining a steady presence in the energy mix. Wind energy began to emerge more prominently from 2004 onwards, although similar to hydropower, the recorded data indicates consistent generation without any substantial jumps in installed capacity over the years. This steady but modest incorporation of low-carbon energy highlights the need for more aggressive policy measures and investments to significantly shift the islands' reliance away from fossil fuels to greener energy alternatives.

Electricity Imports and Exports

Balance of Trade

Data Sources

The the data source is Ember.
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