Norway Set For International Renewables Growth in Turkey
The Norwegian renewables sector exported NOK 23 billion in goods and services in 2009, representing only 15% of total revenues. According to INTPOW, the Norwegian private-public membership organization for the renewables sector, the current export level is low but is expected to grow in the coming years, largely through expansion in the international hydropower and offshore wind markets.
The area with possibly the most export potential is hydropower because Norway not only has built up most of its hydropower capacity, but also because there are many European hydropower plants that are 20-30 years old that are in need of major refurbishment. These could be made more efficient through turbines, penstocks, waterways, and better use of pumped storage installation.
“The highest potential for growth is without a doubt hydropower, based on the number of people working, revenues, value added, and that it can also be made into an international industry based on the cash flow,” said Geir Elsebutangen, INTPOW managing director. “The maintenance, modification and upgrading in Europe will be EUR 85 billion in the years to come, so the export potential is right next door.”
Hydropower is the largest revenue generator among the renewables in Norway, with NOK 53 billion of the NOK 72 billion in revenue. INTPOW has outlined southeast Europe as the priority market for the Norwegian hydropower industry, followed by sub-Saharan Africa and in particular South Africa. It has placed China, India and South America as regions under observation.
Statkraft is currently involved in projects in Albania, Serbia, Romania, Bulgaria, and Turkey. Clean Energy Invest, managed by Statkfraft’s former chief executive Bård Mikkelsen, was recently awarded the development rights for the Adjaristsqali cascade in Georgia. Most of the electricity from the USD 314 million project will be exported to Turkey. In addition BKK, owned by Statkraft and 17 municipalities in western Norway, recently decided to prioritize Turkey as a new market.
“The Turkish authorities have, through their energy policy, a goal of being self-sufficient in power within 2023,” said BKK. “At the same time as the authorities hope to get more self-sufficient, there is also a goal of increasing the use of renewable energy sources from the current 19% to 30% by 2023. To realize this, the country has had to open up in the last years for international actors with hydropower competence.”
Posted by Administrator on Thursday, September 19th, 2013 @ 9:07AM