Friday`s number: 98%...

September 21, 2018

…is the share of renewable energy in Norway’s energy production. Most of the energy is generated by hydropower. Already since the 1800s, Norway has been using the energy from rivers and waterfalls which has provided the basis for Norwegian industry and the development of a welfare state. Norway is today Europe's biggest producer of hydropower, and number six in the world. One special feature of the Norwegian hydropower system is its high storage capacity.
Other sources of renewable energy only contribute marginally to energy production: wind energy produces 2% of electrical power.
Norway, being known for its abundance of oil and gas reserves, has not discovered oil wells in the North Sea until the 1960ies. It uses its natural resources mainly for export: Currently, Norway is the eighth largest producer of oil and third largest gas exporter in the world. Nearly all Norwegian gas is sold on the European market.