Renewables Norway

Renewables Norway is a non-profit industry organization representing about 280 companies involved in the production, distribution and trading of electricity in Norway. Norway is a major energy nation in Europe based on a completely unique set of resources: hydropower, petroleum and new renewable energy sources such as windpower and biomass. Norway has only one per cent of Europe's population, but 20 per cent of the hydropower resources, 50 per cent of the water reservoirs (stored water for hydropower production), 40 per cent of the gas resources and 60 per cent of the oil resources. Energy Norway represents the renewable energy industry in Norway, i.e. companies producing, transporting or trading renewable energy. Our members produce 130-140 TWh annually, which is some 99 per cent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 per cent of Norway's grid customers. The members of Energy Norway have some 15 employees, and have a gross annual turnover of about 70-75 billion Norwegian kroner (equivalent to approximately 8 billion Euro or 9 billion USD). Norwegian power production is almost 100% renewable and emission free. 95 per cent of the power production stems from the 1600 hydropower plants which are spread all across the country, and some 3,5 per cent stems from windpower. The latter is expected to grow significantly in the coming years, due to very good wind resources in Norway. The Norwegian power grid is km long and has a security of supply rate of 99,998 per cent.