Introducing privateinterconnectors

Norway is a major energy nation, primarily as an exporter of oil and gas, but also as the largest hydroelectric power producer in Europe. The hydro-based Norwegian energy system will undergo significant changes as increased wind power capacity and other intermittent renewable energy sources are introduced to the market. At the same time, the cross-border exchange capacity remains limited despite efforts by the Norwegian TSO, Statnett, to initiate new interconnector projects to the UK and the continent. This has contributed to a lasting power surplus and consequently a long-term downward pressure on energy prices in Norway.