While the Norwegian solar industry is not as well developed as in other countries, the interest in solar power is expected to grow significantly in the coming years. Because there are not many solar energy projects in Norway yet, developers of Norwegian solar energy projects are all the more relevant, which is why our team has compiled a list of 3 developers that contribute to the Norwegian solar market.
1) Scatec (Oslo, Norway)
Headquartered in Norway’s capital city, Scatec develops onshore wind and solar, hydropower as well as energy storage projects. Since its founding in 2007, the company has reached a renewable portfolio capacity of 3035 MW. The majority of this capacity comes from solar energy projects. Moreover, Scatec will develop the world’s first hybrid solar and hydropower plant which will be based on floating solar power technology with an integrated battery system.
2) Equinor (Stavanger, Norway)
Founded in 1972, Stock-listed (FRA:DNQ) Equinor ASA is a Norwegian state-owned multinational energy company with a regional focus on Norway. Interestingly, the company is Europe’s largest supplier of renewable energy. Equinor not only develops solar projects, but also offshore wind and hydrogen projects.
3) Norsk Solar (Stavanger, Norway)
Founded in 2017, Stock-listed (FRA:62L) Stavanger-based Norsk Solar is a solar Independent Power Producer. It develops solar PV power plants for commercial as well as industrial energy buyers. All in all, the company so far has a capacity of 107MW in operation or development, with more planned.
Image: Red Zeppelin via Unsplash (12.05.2023)