Nordic Renewables

Outlook 2022 - 2050

Fall 2021, 24th edition

Available from October 27th

Close-up of windmill

Key discussions for the Fall 2021 edition

  • Renewable policy in the Nordic region: Review of the current policies and probable new political initiatives towards 2050.

  • Accelerating the EU emission reductions: The EU Commission has presented its proposal for a revision of large parts of the EU's climate and energy regulations, the “Fit for 55” package, in order to align current laws with the 2030 and 2050 ambitions. The report discusses the EUA market and derives the necessary CO2 price to achieve the long-term goals.

  • Renewables - cost and technology development: Assessment of the technology development and future costs of renewables, energy storage and Hydrogen. We present LRMCs towards 2050 for onshore and offshore wind power, rooftop and utility scale solar power, energy storage and hydrogen.

  • Renewables – potential and investments: We discuss the investment potential and expected renewables growth towards 2050. We provide a merit order overview of Nordic renewable investments from 2020 to 2030.

  • Hydrogen: We discuss the potential for hydrogen in the Nordic power market. An overview of hydrogen projects under development in the Nordic region is provided.

  • Renewables project lists: Comprehensive lists of all large projects under construction or with final investment decision as well as the expected onshore and offshore wind, solar power, large hydropower and bio-CHP to take an investment decision in the Nordics.

  • Power Purchase Agreements: Overview of PPAs associated with Nordic renewable investments.

  • Onshore wind projects pending or with approval: A comprehensive database with a detailed overview of more than 100 TWh potential onshore wind projects pending or with approval.

  • Electricity certificate price development: Expected electricity certificate price development with complete monthly and annual el certificate balance up to 2050 for all technologies, according to phase-out and accumulate balance development.

Report Content

Renewable cost development, potential and expected investments in Norway, Sweden, Finland, and Denmark.

The report discusses relevant energy storage technologies to enable the extensive development of renewable energy.

It includes various framework conditions in the Nordic region - addressing the long-term targets for reducing greenhouse gas emissions in the EU.

Chief analyst Sigbjørn Seland holds presentation


StormGeo offers a workshop where pre-agreed topics related to the Nordic renewables are presented and discussed. For best use of a workshop we recommend to add the most recent “Nordic Power Outlook 2022-2050”. Use this opportunity to enhance your understanding of the market and to challenge us.

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Why not add a long term analysis on Nordic power?

StormGeo launches updated long term report on Nordic Power Outlook until 2050 on October 20th. We highly recommend to include this report as the elcert and power markets are strongly interlinked.