Norway leads the way in energy self-sufficiency

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5 September 2014, Nuclear, Solar, Wind

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Norway's substantial hydroelectricity capability is the key factor behind the country placing first in Datamonitor Energy's self-sufficiency energy rankings. In total, Norwegian hydro power sites generated more than 130TWh, 4TWh greater than the country's consumption.

Austria is projected to generate 65.9% of its total energy consumption from renewable energy sources in 2014, equating to 47.0TWh of power, although a number of countries - including Sweden, France, Turkey, and Germany - all generated more electricity from renewable and hydro sources in terms of actual output. Sweden is ranked third, with 61.9% of its total energy demand derived from renewable and hydro power, equating to 92.0TWh.

The self-sufficiency rankings for the top European countries in 2014 are provided below:
1. Norway - 105.5%
2. Austria - 65.9%
3. Sweden - 61.9%
4. Portugal - 55.3%
5. Denmark - 50.9%
6. Spain - 39.7%
7. Italy - 32.1%
8. Turkey - 31.8%

Hydro power is the key energy generation technology in the top four countries, with wind power very important elsewhere. Denmark leads the way in wind power energy, with almost 34% of its energy consumption derived from wind technology. Portugal is second (22.7%) and Spain third (19.1%). Denmark is predicted to improve its overall ranking from fifth to second by 2030 by increasing its wind power generation from 33.7% to 54.2%. Denmark's focus on wind power and bioenergy will boost its energy self-sufficiency from 50.9% in 2014 to 98.5% by 2030.

In the future wind power generation will be the number one renewable energy priority for Germany, France, the UK, Italy, and Spain - the biggest European energy consumers. Between these countries, 170TWh of wind power is projected to be generated in 2014, and by 2030 this will increase to 380TWh. / / @DatamonitorEN

Source: MarketLine

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