One of the fastest growing industries in Norway is the renewable energy sector. The countries geographical location coupled with strong government initiatives has played a major role to attract investments in this segment. Growing demand for clean energy and the potential for hydro and wind energy are expected to boost the market. The report begins with an overview of the industry indicating installed capacity growth and the electricity generated. Figures pertaining to the installed capacity for hydro and wind power have been provided. An analysis of drivers explains factors contributing to the huge potential based on the geographical distribution for power generation, high precipitation levels, technological developments, favourable water system and fluctuating crude oil prices and falling petroleum production. The key challenges identified include power distribution leading to cost escalations and conflicts with other business interests. The report highlights the government bodies involved in renewable energy market. The major government programmes and initiatives forwarded by the government towards the development of the industry including Energy21, ENOVA, Offshore Renewable Energy Act, RENERGI as well as various international cooperation agreements have been discussed. The legal framework in the energy sector including various laws and acts to be considered in the application of a new project has been covered Competition section profiles the major players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.

1. Renewable Energy - Norway
August - 2009

2. Executive Summary
Norway is the leading producer of electricity based on renewable energy sources
Market Hydro and wind energy generation is the predominant in the sector
In 20--, installed capacity stands at XX MW while electricity generated is pegged at YY GWh
LE
Drivers: Conducive geographical distribution for power generation, high precipitation levels,
P
technological developments, favorable water system and fluctuating crude oil prices and falling
Drivers & petroleum production
Challenges
interests
S M
Challenges: Power distribution leading to cost escalations and conflicts with other business
A
Energy21 – Promotion of environmentally friendly consumption and generation of energy
ENOVA – Strategy for research and development of technology within the energy sector
Introduction of the Offshore Renewable Energy Act – Creating a regulatory framework for
Government offshore wind plants
Initiatives RENERGI Programme – Clean energy for the future
International Cooperation – Participating towards expanding markets and in order to partake in
latest technological advancements
Company 1 is the leading player in Norway accounting for generating a% of total market
Major Players
Multiple Energy Markets Hydro Power Wind Power
Competition Company 2 Company 4 Company 6
Company 3 Company 5 Company 7
RENEWABLE ENERGY – NORWAY.PPT 2

3. •Market Overview
•Drivers & Challenges
•Government Bodies & Initiatives
•Legal Framework
•Competition
•Key Developments
•Appendix
RENEWABLE ENERGY – NORWAY.PPT 3

4. The liberalized regime in the renewable energy sector in Norway
has led to a strongly growing market
Overview Installed Capacity
•In Europe, Norway is the leading producer of
MW
electricity based on renewable energy sources
40,000 z%
LE
•Renewable energy is the primary source of V W X Y
30,000 U
electricity generation
•Hydro and wind energy generation is the
predominant in this segment
MP 20,000
10,000
•Players in solar and bio-fuel market are
SA
prevalent however they cater primarily to the
export market due to the lack of domestic
demand
0
2004 2005
Electricity Generation (GWh)
2006 2007 2008
Thermal Power
•Private ownership is found in all areas of the Hydro Power
power sector (generation, transmission and Wind Power
GWh
trading) Q S T
150,000 R e%
P b% d%
~b% of the private companies are solely engaged c%
a%
in trading 100,000
g% i% j%
•Expected to have access to up to L TWh of 50,000 f% h%
renewable energy in 20-- -20--
0 k% l% m% n% o%
2004 2005 2006 2007 2008
Source:
RENEWABLE ENERGY – NORWAY.PPT 4

5. Drivers and challenges
Drivers
Conducive geographical distribution
for power generation
Challenges
High precipitation levels Power distribution leading to cost
escalations
Technological developments
Conflicts with other business interests
Favorable water system
Fluctuating crude oil prices and falling
petroleum production
RENEWABLE ENERGY – NORWAY.PPT 5

6. Framework of the government institutions in the energy sector
Ministry of Petroleum & Energy
Department for Economic Energy & Water Resource Climate Industry &
Oil & Gas Department
and Administrative Affairs Department Technology Department
Water Resources Hydro Power and Renewable and
Energy Policy Electricity Market
and Area Planning Energy Law Energy Efficiency
Norwegian Water Resources and
Enova SF Statnett SF
Energy Directorate
SAMPLE
Ministry of Petroleum and Energy’s main task is to provide an integrated energy policy based on efficient use of
Ministry of Petroleum and Energy’s main task is to provide an integrated energy policy based on efficient use of
energy resources
energy resources
Source:
RENEWABLE ENERGY – NORWAY.PPT 6

7. Company 1 is the leading player in Europe in power generation
through renewable sources
Overview Market Share (’08)
Company 1
•A large number of players with Company 1
Company 2
dominating the domestic market k% Company 3
LE
a%
•Players choosing between 2 strategies Company 4
Company 5
Diversified production by encompassing a wide i% j%
variety of energy markets
Focussing on specific renewable energy markets
MP h% g%
f%
e%
b%
Company 6
Company 7
Company 8
A
namely hydro, wind, solar or bio-fuel d% c% Company 9
Installed Capacity of Major Players (’08)
0 2,000 4,000 6,000
S
8,000 10,000 12,000
MW
Mean Annual Production (’08)
0 5 10 15 20 25 30
Company 10
Others
35 40 45
TWh
Company 1 L Company 1 A
Company 2 M Company 2 B
Company 3 N Company 3 C
Company 4 O Company 4 D
Company 5 P Company 5 E
Company 6 Q Company 6 F
Company 7 R Company 7 G
Company 8 S Company 8 H
Company 9 T Company 9 I
Company 10 U Company 10 J
Source:
RENEWABLE ENERGY – NORWAY.PPT 7

8. Players in Multiple Energy Markets (1/6)
Company Snapshot: Company 1
Corporate Information Financial Performance
Revenue Revenue Profit
Headquarters Oslo
USD bn USD bn
LE
Profit / Loss
Founded 19--
6 1.5
C
P
Area of Generates hydropower, wind power, gas
Expertise power and district heating 4 B 1.0
A
M
Key People A1 (Chairman) D
2 0.5
A
A2 (CEO)
Business Highlights S 0
2006 2007 2008
• Operates U hydropower plants and V gas power plant, W wind farms, X district heating plants in Norway
2009 (upto
Q2)
0.0
• Plans on developing facilities for Y TWh of new hydropower capacity in Norway and Z TWh outside Norway by 20- -
• Opened a P MW Rodberg hydroelectric plant in Buskerud County, Norway which is estimated to generate Q
GWh/year on an average
• In the period 20-- -20--, it is estimated that the company will invest ~USD L mn in a various R&D programmes, projects
and schemes. It is already associated with M research centers
• Plans on investing ~USD N mn in wind farm projects in Scotland
Source:
RENEWABLE ENERGY – NORWAY.PPT 8

9. Thank you for the attention
For more detailed information or customized research requirements please contact:
Gagan Uppal Gaurav Kumar
Phone: +91 22 4098 7530 Phone: +91 33 4064 6214
E-Mail: gagan.uppal@netscribes.com E-Mail: gaurav.kumar@netscribes.com
About Netscribes
Netscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment &
business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true
value proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth
objectives.
Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India,
Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the
sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction.
RENEWABLE ENERGY – NORWAY.PPT 9