High electricity prices in Norway have increased the demand for solar panels

Photo: Jeroen van de Water / Unsplash

The demand for installing solar panels has increased sharply as a result of the high electricity prices, according to Solenergiklyngen and Solenergi Norge AS.

The development is due to two factors, general manager Trine Kopstad Berentsen in Solenergiklyngen told Norwegian Broadcasting (NRK). 

The first is high electricity prices. The second is related to Enova increasing the support rates in January this year, making it easier for private individuals to get support for such systems.

“Despite the support, it is an investment. In a way, you pay for the electricity in advance and then have free electricity for many years,” Berentsen said.

High electricity prices

Researcher Erik Marstein at the Department of Energy Technology (IFE) also pointed to the price of electricity as the main driving force behind the increased demand.

“Some of the companies report both five and ten times increased demand,” Marstein told NRK.

General manager Ole-Martin Håtveit in Solenergi Norge AS in Folldal, which mainly supplies solar panel systems for agriculture and industry, says the company has already exceeded the turnover figures from last year.

The role of solar power

Chief engineer Jarand Hole in the Norwegian Water Resources and Energy Directorate (NVE) believes that solar power can play a larger role in the power system in the future.

“In the medium term, until 2030, solar power is interesting because it is faster to develop than wind and hydropower,” he said.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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