In the future, renewable energy sources from hydro, wind and solar power will be even more important. The different abilities of hydro, wind and solar complement each other and makes them perfect partners.
No time to lose
There is no time to losein order to replacethe world’s energy production from fossilsto renewable resources. By combining the energy from hydro, wind and solar, Europe can meet the future demand in a smart, renewable and sustainable way.
The production of wind power is estimated to fivefold by 2035. Solar power is also believed to acchieve an important position in the energy market. The International Energy Agency estimates that solar energy will provide 8-13 percent of the global energy production by 2030.
In other words, both solar and wind will provide Norway and the rest of Europewith more electricity in the near future. Luckily, the energy produced by hydro, solar and wind, complete each other very well.Hydropower has the unique ability to be stored and used when needed. Energy from wind and solar must be used shortlyafter it is produced. These different qualities will make hydropower a crucial energy contributor in times when energy from solar and windis not sufficient.
This way, the Norwegian hydropower will complement wind and solar power from our neighbors and help ensure a sustainable Europe.
The energy sources complete each other perfectly. This makes it quite logical to exchange energy with our neighboring countries, who base their energy supply on solar and wind power. This virtual power plant in Germany, for example, help low-scale producers of solar and wind power balance their production.
Statkraft wants to continue to invest in flexible and renewable hydropower. This will make Norway an important partner for other countries in Europe. Perhapswill we even inspire other countries to starttheir own “green shifts” in energy production?
Statkraft's internal magazine People & Power brings interesting stories about the energy sector and the company's business activities. Some of the feature articles in the magazine are presented here on the Stories web page.