norway

George Heynes charts the key market developments in the EU countries of Northern Europe, as well as non-EU members, Norway and the UK.

Norwegian energy company Statkraft has reduced its target to build solar, BESS and wind capacities from 2026 onwards.

Currently executive vice president Nordics at Statkraft, Birgitte Ringstad Vartdal will assume her new position on 1 April 2024.

Equinor, Scatec and Hydro Rein have started commercial operations at their 531MW Mendubim solar project in Brazil.

According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.

Norwegian energy company Statkraft has announced that president and CEO Christian Rynning-Tønnesen will leave the company after more than 13 years in office.

Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

Renewable energy technology company Fred. Olsen 1848 has launched a product to help floating solar PV handle wave loads.

Module manufacturer Meyer Burger has signed a supply agreement for silicon wafers with Norwegian solar energy company NorSun. 

Norwegian renewable energy solutions provider Scatec has signed an agreement to sell its 42% equity share in a solar plant in South Africa to a subsidiary of a fund managed by asset manager Stanlib Asset Management Proprietary Limited.