“The Nordics at present produce over 90% of their power (including nuclear) via renewables and are significant electricity exporters to the rest of Europe,' says Francesca Bjørnflaten, senior analyst, renewables at Rystad Energy
Nordic countries are leading Europe’s green energy push.
On onshore wind and utility-scale solar PV generation, Rystad Energy expects capacity in these three countries to grow from a collective 30 gigawatts in 2022 to 74 GW by 2030. With electricity output expected to exceed their need, these countries will export large volumes of green power to Europe, helping provide the region with stable supply at low prices.
For decades, the Nordic region has been at the forefront of the energy transition and now has some of the cleanest energy mixes in the world. However, there are large country-specific differences in the way in which these countries are handling the energy transition. The chart below shows the historical power generation mix for Sweden, Finland, and Denmark over the last 20 years, together with Rystad Energy’s current base case forecast towards 2030.
Finland is set to ramp up onshore wind capacity from 5 GW in 2022 to 20 GW by 2030. Only 0.8 GW of new installed capacity is expected to come from solar PV. By 2030, Finland is aiming for 51% of its power generation to be renewables-based compared to 17% at present.
Danmark Seneste Nyt, Danmark Overskrifter
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