On 27 October, Fossilfritt Sweden together with 22 business sectors presented this year's follow-up report to the Swedish Minister for Energy, Business and Industry, Ebba Busch (KD). This year's report contains both examples of significant progress made by Swedish companies and priority recommendations on how politics should remove barriers in the business world. The report shows three specific developments:
The report also highlights five important policy developments that the industry collectively believes needs to be developed and expanded, as well as six priority policy areas:
Energi Norge and Norwea have joined forces to form a new and large interest organisation for renewable energy, Fornybar Norge, which will be operational from 1 January 2023. For Norway to meet its climate commitments by 2030, the country’s share of renewable energy must reach 80%, which creates opportunity for Fornybar Norge to operate. Fornybar Norge will cooperate with other organisations in the renewable field and formalise this through its own agreements. This initially applies to District Energy, the Solar Energy Cluster, the Norwegian Hydrogen Forum, the Small Power Association and Norwegian Remote Heating. In the long term, it may also involve a wider range of organisations. “Fornybar Norge must speak on behalf of the entire renewable energy industry and provide clear advice to the politicians. To become that voice, we need close cooperation with the entire value chain,” said Knut Kroepelien from Energi Norge.
In a recently published report, a group of energy planning researchers stated that nuclear power is expensive to build and, looking at Europe, requires state aid. This is in contrast to offshore wind power, for which the recent Danish site, Nørre Nissum, received no subsidy at all, but won the state the right to build it for DKK 2.8 billion. The researchers looked at nuclear power plants under construction across Europe to work out the price of producing electricity using nuclear power in Denmark today. The researchers found that it costs about two to three times as much to produce electricity using nuclear power, as it does using wind and solar power. In addition to the prices, the researchers also briefly looked at the construction times for different types of energy plants. Construction of nuclear power clearly lost to construction of wind power, and especially solar power. The researchers concluded that, realistically, it takes around 15 years to build a new nuclear power plant in Europe, not counting the time it takes to get the plans in place. The time span from idea to conception and commercial production for a new Danish nuclear power plant is therefore around 20 years. In contrast, a new offshore wind farm can be in production in two to three years and a new solar farm can be built in a very short time. The experts said they would like to have a public debate on the facts presented so that corrections and additions can be written into an updated version of the report.
The energy company Neova plans to build solar power on its old peat production area. According to the company, old peat-producing areas are often ideal for building solar power because they are open and flat areas. The company owns more than 10,000 hectares of land potentially suitable for solar power projects. According to Neova, the six projects under development cover a total area of around 560 hectares and have a total nominal power of around 310 MW. The first Neova solar power plant could be ready for construction next year. Neova has also announced four hybrid projects combining wind and solar power, which will have a total of approximately 55 wind turbines and correspond to an estimated nominal power of just under 500 MW. A total of approximately 450 MW is planned for hybrid projects.
Finland-based smart EV charging company Virta has officially launched its first EV charger on the Australian market, in partnership with Tetris Energy. Tetris Energy has signed a Memorandum of Understanding with Virta to develop an initial EV smart charging portfolio valued at UDA 30 million, with a focus on the installation of a range of technologies across destinations like universities or office buildings. The first charger to be connected to Virta’s network in Australia will be installed at the Melbourne University Boat Club. Some of the features of Virta's smart charging platform include bi-directional charging capabilities, allowing V2G (vehicle-to-grid) charging, smart charging optimisation and demand management, as well as automated invoicing and platform management.
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.