Key Market Indicators
Norwegian renewable energy generation is poised for significant growth, projected to reach 45 TWh by 2028. This represents a leap from the current 23 TWh reported in 2023, marking an average annual growth rate of approximately 10%. Since 1990, Norway's renewable supply has expanded by an impressive 41% annually. In 2023, Norway ranked 11th globally for renewable energy production. Denmark edged out Norway with its own 23 TWh output. In the broader European context, the United Kingdom, Spain, and France secured the 2nd, 3rd, and 4th spots, respectively, in renewable energy generation.
