Norway Heads for Record Electricity Exports Amid Water Glut
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Norway’s power exports may hit a record this year, amid abundant hydroelectric output and rain, evidencing a need for more cross-border cables for trade, Energy Norway said today.
The country has so far this year shipped a net power glut of 17 terawatt-hours abroad, worth nearly 4 billion Norwegian kroner ($ 694 million) and equivalent to half of yearly domestic electricity use, with exports for the year poised to exceed a record 19 terawatt-hours from 12 years ago, the industry association said in an e-mailed statement.