Norwegian onshore wind power industry surpasses hydropower for first time

Åfjord Fosen.Storheia wind farmÅfjord Fosen.Storheia wind farm.Photo: Heiko Junge / NTB

In 2019, onshore wind power had a turnover of NOK 10.5 billion in Norway.

Onshore wind power had the strongest revenue growth in the renewable energy industries in 2019, according to a report prepared by Multiconsult on behalf of Export Credit Norway, NORWEP, and the Ministry of Petroleum and Energy.

The total turnover of Norwegian-based companies was NOK 14.2 billion.

Out of the total, NOK 10.5 billion was the turnover in Norway, NOK 1.0 billion was export turnover, and NOK 2.7 billion was turnover in other countries.

Onshore wind power thus bypassed hydropower for the first time, which had a total turnover of NOK 11.3 billion (NOK 10.0 billion nationally).

Two years of growth

Overall, a new turnover record was set in the Norwegian-based renewable energy industry with a total turnover of NOK 45.1 billion in 2019, up almost 30% from the previous year.

National turnover in Norway was NOK 25.9 billion and export turnover amounted to NOK 9.7 billion.

Within the export segment, offshore wind power was the largest – with NOK 5.3 billion in export turnover in 2019.

The renewable energy industry also experienced strong revenue growth in Norway in 2018 after two years of declining revenue in 2016 and 2017.

Hydropower job market

In total, the renewable energy companies employed 14,477 people in Norway last year.

  • Hydropower was the largest job creator and accounted for 7,578 annual man-years.
  • Offshore wind accounted for 2,431 man-years.
  • Solar energy accounted for 1,859 man-years.
  • Land-based wind power accounted for 1,821 man-years.
  • Bioenergy accounted for 757 man-years.

Employment remained relatively stable in all sectors compared with 2018.

© NTB Scanpix / #Norway Today


Be the first to comment on "Norwegian onshore wind power industry surpasses hydropower for first time"

Leave a comment

Your email address will not be published.