Norway cumulative Installations reach 44.9 MW
According to new statistics released by local consultancy company, Multiconsult, which were published on the website of Norwegian solar association, Solenergiklyngen, the country's cumulative capacity reached 44.9 MW as of the end of December 2017. Norway has registered strong growth in PV installations, with around 18 MW of newly installed capacity in 2017. Last year's additions represented a 59% increase compared to 2016, in which new additions totalled around 11 MW.
In 2016, however, the market registered its largest annual growth, which totalled 366%. The report reveals that solar was able to grow last year in Norway despite low power prices and weak support for solar energy projects, and thanks to improved PV costs and efficiencies.
The Norwegian market for solar power is still in a relatively early phase, but there is a growing demand from both the business segment and the private market.
According to reported figures for the Solenergy group for 2017, It installed 18 MW in 2017, which resulted in Norway at the end of the year 45 MWp capacity solar power installed. The growth in installed capacity in solar power was 59% from the record year 2016.
Growth in installed solar power capacity was 366% from 2015 to 2016, making a further growth in 2017 of 59% impressive. The growth is despite low power prices and weak support mechanisms for solar power. The growth in recent years can be justified by increased maturity in the market and technology development, which has given significant cost reductions.
The report further stated that Norwegian solar market is still in a relatively early phase, but there is a growing demand from both the business segment and the private market. The market growth is low despite low prices due to weak support mechanisms for solar power.
