Will the Norwegian government remove EV subsidies?

The Norwegian Government followed up on plans to remove EV subsidies when it announced the revised budget this week. First to fall is the VAT exemption on electric cars costing more than 500,000 kroner (just under 49,000 euros) as of 1 January 2023.

How much solar power does Norway have in 2023?

In 2023, solar PV provided 1% of the electricity into the Finnish grid (Electricity Maps, 2024). Norway, having had plenty of hydropower, only recently began to tap into solar energy. The Norwegian Water Resources and Energy Directorate (NVE, 2024) reported a total installed capacity of around 0.6 GW by the end of 2023.

Is solar energy a viable option in Denmark?

The government supports solar PV installations through net metering schemes and tax exemptions, making solar energy a viable and attractive option. Denmark's commitment to integrated energy systems and smart grid technologies further enhances the potential of solar PV, integrating it seamlessly into the national energy mix.

Which Nordic countries are embracing solar PV technology?

During the recent surge in solar PV installations, the Nordic countries – Sweden, Norway, Finland, and Denmark – have increasingly embraced solar PV technology, defying their northern geographical challenges.

Why are solar PV installations increasing in Sweden?

In Sweden, solar PV installations have grown exponentially. As of 2023, the country had a total installed solar PV capacity of 4.1 GW. This surge is largely attributed to government initiatives such as investment support schemes, which cover up to 20% of the installation costs for solar PV systems.

How many GW will Norway install by 2030?

In our Energy Transition Outlook, we expect Norway to install a total of 3 GW by 2030. In contrast to some of the Nordic neighbours, Norway must combat snow and challenging soil conditions for utility scale installations. In order to accelerate the uptake, further support is necessary, as expressed by NVE and Statkraft.