Spring 2023, 40th edition (2023 - 2050). Scenario-based analysis with updated price prognosis for all Nordic price areas and neighboring countries.
Spring 2023, 27th edition (2023 – 2050). Renewable cost development, potential, and expected investments in Norway, Sweden, Finland, Denmark, and Baltics until 2050.
The Nordic Renewables Outlook contains 75 pages of:
Renewable cost development, potential, and expected investments in Norway, Sweden, Finland, and Denmark, and Baltics until 2050. The analysis is available in pdf and paper versions, including a spreadsheet with all relevant calculations from the analysis.
The report discusses relevant energy storage technologies to enable the extensive development of renewable energy.
The report includes various framework conditions in the Nordic region – addressing the long-term targets for reducing greenhouse gas emissions in the EU. Analysis of the EU ETS with a possible emissions scenario all the way to 2050 and a detailed analysis of the Electricity Certificates market.
We have a broader discussion of different technologies that are or will become part of the green shift. We see in particular that investments in solar power are gaining momentum as expected and that investments in battery power plants are beginning to approach satisfactory profitability in some areas.Sigbjørn Seland
Chief Analyst at StormGeo Nena
With access to high-quality analyses of future energy prices, we can confidently advise our clients on good investment decisions for energy solutions in our building projects.Dib Abdul-Hadi
Key discussions for the Spring 2023 Nordic Renewables Outlook.
We assess the technology development and estimate future costs of wind- and solar power, nuclear power, energy storage, and hydrogen. Altogether we present the Long Run Marginal Costs (LRMC) development for 30+ technologies in 4 different scenarios from 2023 to 2050, including LRMC indices for other parts of Europe with different natural prerequisites.
The report discusses the potential and we present forecasted investments for all Nordic price areas from 2023 to 2050 for hydropower, wind power, solar PV, Bio CHP, nuclear power, energy storage technologies, and hydrogen.
There is little doubt that wind and solar power investments will be profitable. Much also points to nuclear power facing a new growth phase, even in the Nordic region. We analyse whether the profitability will be satisfactory.
Emission reduction targets lay the groundwork for investment in the European energy system. The report includes a review of the EU’s climate, energy policies, and regulations, including the proposed EU taxonomy.
Though we regard governmental facilitation as a necessary addition on the road to carbon neutrality, the EU ETS system will play a key role. The report discusses the EUA market and presents a EUA price that we believe can be compatible with the long-term goal of net zero.
Review of the current policies and probable new political initiatives towards 2050.
Lists of all large projects under construction or with final investment decisions as well as the expected growth in onshore and offshore wind, solar power, large hydropower, and bio-CHP in the Nordics.
An overview of hydrogen projects under development in the Nordic region is provided.
A surplus of electricity certificates has been secured and the price has fallen to the marginal cost of having new certificates issued, exactly as we expected. We present the expected electricity certificate price development with complete monthly and annual el certificate balance up to 2045.
Nena Analysis builds fundamental models and methods with strong emphasis on a combination of economic theory, market models, weather impacts and marginal cost calculations.
Our analyses reveal coherence between numerous price drivers, enabling us to explain substitution pricing, and ultimately consequences for future pricing of various commodities.Explore Nena Analysis