Nel makes electrolysers used to make so-called green hydrogen from water rather than from fossil fuels, and also hydrogen fuelling equipment OSLO: Norway’s Nel, a maker of zero-emission hydrogen technology, will expand its operations in 2021 to make its products more cost competitive, leading to a significant loss for the year, it said on Thursday. […]
Electric cars rise to record 54 per cent market share in Norway in 2020
Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway exempts fully electric vehicles from taxes imposed on those relying on fossil fuels OSLO : The sale of electric cars in Norway overtook those powered by petrol, diesel and hybrid engines last year, with German auto-maker […]
German power export surplus shrank 46.2% in 2020
Cross-border trade is especially strong with France, which still bets on nuclear power – shunned in Germany for safety concerns which resulted in its plan for a scheduled withdrawal FRANKFURT: Germany saw its electricity export surplus shrink by 46.2 per cent in 2020 to 18.9 terawatt hours (TWh), raising the prospect that its dependency on […]
Norway’s Equinor, Hydro and Scatec to build solar farm in Brazil
OSLO: Equinor, aluminium producer Norsk Hydro and renewables company Scatec plan to jointly build a 480 megawatt (MW) solar farm in Brazil, they said on Wednesday. The three companies have signed a memorandum of understanding to develop the project, Scatec said in a statement, which did not give details of the cost. The joint […]
Panasonic, Equinor, Hydro consider battery production in Norway
The three companies said in a joint statement that the initiative would be “based on Panasonic’s leading technology and targets the European market for electric vehicles and other applications. OSLO: Panasonic, Equinor and Norsk Hydro will explore opportunities to set up a lithium-ion battery production business in Norway, targeting auto makers as potential customers, the […]
Norway wealth fund says it’s hard to find right green energy projects
In the near term, finding projects that meet these requirements may be demanding.” In March, the fund said it was looking to invest some 100 billion crowns ($10.83 billion) between 2020 and 2022 in unlisted renewable projects such as wind parks and solar farms, looking first at North America and Europe. Norway’s $1.1 trillion sovereign […]
Norway’s Nel, Statkraft agree to produce green hydrogen for steelworks
OSLO: Norwegian hydrogen producer Nel NEL.OL and utility Statkraft have agreed to build a plant to deliver green hydrogen to a steelworks in northern Norway, replacing fossil fuel, the companies said on Friday. A letter of intent signed by the two firms covers the delivery of an alkaline electrolyser plant with 40-50 megawatt capacity in […]
Norway Solar Producer Buys Hydro Power Company for $1.2 Billion
The Norwegian developer Scatec Solar AS is paying $1.2 billion to complement its solar installations around the world with the hydro-power assets of SN Power. For more than a decade, both Oslo-based companies have built renewable projects around the world in emerging markets from Africa to Asia and South America. One built solar plants and […]
Volkswagen eyes 90 per cent electric car sales in Norway next year
With a 2025 goal of becoming the first country to end the sale of fossil-fueled cars, oil-producer Norway exempts battery-powered vehicles from taxes imposed on petrol and diesel engines. OSLO : Electric cars will likely make up 90 per cent of Volkswagen AG’s sales in Norway next year and could completely replace diesel and petrol engines in […]
Nordex Bags Order 400 MW Wind Turbines to Power Alcoa Norway
The Nordex Group has received a large order for 400 MW from Norway using wind turbines in the 5 MW+ class. The Nordex Group will supply and install 72 N149/5.X turbines, with 105 meter steel towers, at the “Øyfjellet” wind farm for a German investor. Following completion of the project in autumn 2021, the […]
