Electricity in Norway in 2024

Norway is a leading example in low-carbon electricity generation, as more than 98% of its electricity comes from sustainable, clean sources. Hydropower is Norway’s primary source, constituting almost 90% of the electricity supply. Wind energy also contributes significantly to the clean energy mix, providing just under 10% of electricity. Conversely, fossil fuels, specifically gas, make up just a little over 1% of electricity generation, underscoring Norway's commitment to minimizing its carbon footprint. The next step for Norway is the electrification of other sectors, such as transport, heating, and industry, which will inevitably require a considerable boost in electricity capacity.

Suggestions

To further increase low-carbon electricity generation, Norway can expand its infrastructure for wind power, particularly offshore wind, given its favorable coastal conditions. Additionally, embracing advancements in solar technology could diversify its energy sources and enhance the stability of the electricity grid. Considering the low dependency on fossil fuels currently, investing in nuclear power would offer yet another reliable and sustainable source of clean energy. Such developments in these areas can enable Norway not only to meet domestic demands but also to become a key player in regional energy exports, furthering the global transition to a low-carbon future.

History

The trajectory of low-carbon electricity growth in Norway has seen significant fluctuations, predominantly in hydropower, which has historically dominated energy production. In the early 1980s, hydropower saw substantial increases, with 9 TWh added in 1981 and another 13 TWh by 1983. However, this growth came with some variability, including notable declines like in 1991 and 1996, when reductions of 10.8 TWh and 18.3 TWh, respectively, were recorded. The 2000s witnessed both notable increases and sharp declines; for instance, a remarkable rise of 27.2 TWh in 2005 was offset by a drop of 21.3 TWh the previous year. The early 2010s managed a surge, but recent years again faced decreases, highlighting the challenges of hydropower's dependency on environmental factors. Despite these fluctuations, Norway’s strategic investments in both expanding and diversifying low-carbon sources have proved essential to maintaining an impressive share of clean electricity production.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources