Spring 2022, 25th edition (2022 – 2050). Renewable cost development, potential and expected investments in Norway, Sweden, Finland, and Denmark plus more.
"Emission reduction targets lay the groundwork for investment in the European energy system. Review of the EU’s climate and energy policies and regulations, including the proposed EU taxonomy." - Simen Bomnes Valåmo, Analyst
Available 24th February 2022
Renewable cost development, potential and expected investments in Norway, Sweden, Finland, and Denmark. The analysis is available as 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.
It 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.
The Nena Energy Session is important for me and my company because it’s interesting to get the latest update about the winter weather and also information about the power market and the El-certificate markets.Ina Therese Marås
Consultant power trading, Fjordkraft AS
Key discussions for the Spring 2022 Nordic Renewables Outlook
Emission reduction targets lays the groundwork for investment in the European energy system. Review of the EU’s climate and 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 an important role. The report discusses the EUA market and derives the necessary CO2 price to achieve the long-term goals.
Review of the current policies and probable new political initiatives towards 2050.
We assess the technology development and future costs of renewables, nuclear power, energy storage and Hydrogen. We present the Long-Run-Marginal-Costs (LRMC) development for the different technologies towards 2050.
The report discusses the potential and expected investments in the Nordic region up until 2050 for hydropower, wind power, solar PV, Bio CHP, nuclear power, energy storage technologies and Hydrogen.
Comprehensive lists of all large projects under construction or with final investment decision as well as the expected onshore and offshore wind, solar power, large hydropower and bio-CHP to take an investment decision in the Nordics.
An overview of hydrogen projects under development in the Nordic region is provided.
Power Purchase Agreements have been influential for the cost of capital for renewables investments. We provide an overview of the PPAs associated with Nordic renewables investments.
A comprehensive database with a detailed overview of all potential onshore wind projects pending or with approval.
The stop-date is reached. We present the expected electricity certificate price development with complete monthly and annual el certificate balance up to 2045 for all technologies.
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.