NORWAY

SUPPORTING POLICIES FOR OCEAN ENERGY
 

NATIONAL STRATEGY
Norway currently has no dedicated policy towards ocean energy, but ocean energy is included in more general renewable energy policies and programmes.

MARKET INCENTIVES
Norway and Sweden have been in a joint green certificate market since 2012. One certificate per MWh has been given to all new renewable energy generation for 15 years, independent of technology, since 2012. From year 2022, Norway will no longer participate in the scheme, while Sweden will increase their target build-out under the scheme with 18 TWh by 2030.

The Norwegian energy production that may be certified for certificates until 31.12.2020 in the so called transitional scheme; however, Norwegian projects will receive certificates only until 31.12.2035, even if the project is approved for certificates under the transitional scheme.

PUBLIC FUNDING PROGRAMMES
The Norwegian Energy Agency, Enova, offers capital grants for full scale demonstration projects of ocean renewable production. While up to 50% of eligible costs can be covered, Enova’s funding measured in absolute figures is limited. In addition, Enova has a programme that supports demonstration of new energy technology on the basis that the technology is applied in Norway.

Innovation Norway runs a programme supporting prototypes within “Environmental friendly technology”. Ocean energy is included in this definition. Projects are supported with up to 45% of eligible costs. The Research Council of Norway runs an energy research programme called ENERGIX. This programme supports R&D within all renewable energy technologies.