Norway’s geographical location is favorable for renewable energy sector

Posted by sdp

August 28th, 2009

Renewable Energy – Norway

A knowledge consulting solutions company, announces the launch of its Renewable Energy – Norway report covering one of the most promising industries in the region. The government’s active participation, the potential for renewable energy development and technological advancements provides tremendous opportunity for investments in this segment. ( http://www.bharatbook.com/Market-Research-Reports/Renewable-Energy-Norway.html )

The report begins with an overview of the industry indicating installed capacity growth and the electricity generated. Figures pertaining to the installed capacity for hydro and wind power have been provided. An analysis of drivers explains factors contributing to the huge potential based on the geographical distribution for power generation, high precipitation levels, technological developments, favorable water system and fluctuating crude oil prices and falling petroleum production. The key challenges identified include power distribution leading to cost escalations and conflicts with other business interests.

The report highlights the government bodies involved in renewable energy market. The major government programmes and initiatives forwarded by the government towards the development of the industry including Energy21, ENOVA, Offshore Renewable Energy Act, RENERGI as well as various international cooperation agreements have been discussed. The legal framework in the energy sector including various laws and acts to be considered in the application of a new project has been covered.

Competition section profiles the major players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.

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