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Green Globe: Norway breaks record for EV sales in 2018

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Green Globe: Norway breaks record for EV sales in 2018

SNL Image
The Norwegian Parliament set a national goal that all new cars sold by 2025 should produce zero emissions.
Source: Associated Press

Norway shattered its electric vehicle sales record in 2018, and the country's auto industry thinks that EVs will reach even higher peaks in 2019.

More than 31% of cars sold in Norway last year were EVs, according to data from the Independent Norwegian Road Federation. That is up from 20.8% of car sales in 2017 and only 5.5% in 2013. The rapid growth has been driven by government subsidies for consumers as the country looks to clean up its transportation sector.

Erik Andresen, director of Norway's car importers association, told EuroNews that he expects the share of electric cars in Norway to reach 45% in 2019, as automakers feel confident that the transportation sector's electrification will continue.

Europe reached more than 1 million EVs on its roads after sales jumped by more than 40% in the first half of 2018. Norway led much of that growth, with 36,500 sales and 37% of new registrations.

Egypt's renewable energy agency has received interest from companies to secure land for 400 MW of onshore wind facilities, though it is unclear how likely it is these wind farms will ever be built.

Three firms have requested the land to build the wind farms, which could lead to $500 million in investments, according to a report from Daily News Egypt that cited sources from Egypt's New and Renewable Energy Authority. The land under consideration had been previously been reclaimed by authority after project developers fell behind on development timelines for other clean energy projects.

Egypt has set a target to obtain 42% of its electricity from renewable sources by 2035, largely through rapid solar and wind deployment. According to an outlook from the International Renewable Energy Agency, Egypt has the potential to supply 53% of its power from clean energy sources. However, the country would need to address several financial and policy barriers, such as reforming the current market framework to improve projects' profitability and building up local manufacturing.

The Asia-Pacific region will continue to shape solar and wind energy equipment markets through 2022, according to two reports from research firm GlobalData.

Asia-Pacific will retain about 56.6% of worldwide market share for solar photovoltaic module production, down from 74.9% in 2017. Part of the decline stems from forecasts that the world's biggest solar markets — China, India and Japan will see installations dip amid changes in their energy markets. Overall, the global market volume for solar photovoltaic modules is expected to decline at a compound rate of -2.8% per year, from 87,500 MW in 2018 to 78,130 MW in 2022.

Meanwhile, the region is also expected to dominate the wind turbine gearbox and direct-drive equipment markets through 2022, with shares of 46% and 53.5%, respectively. Wind gearboxes and direct-drive equipment installations are estimated to grow by 209,600 MW and 81,300 MW, respectively, through 2022.

Across Asia-Pacific, "major countries such as China, India, Australia and South Korea are likely to boost the growth of the drive-train markets," wrote Nirushan Rajasekaram, a power analyst for GlobalData. "The market for wind gearboxes in [the region] is expected to reach to $1.58 billion in 2022."

Elsewhere

* According to data issued by the Indian government, just over 900 megawatts of capacity was added in the three months of July, August and September 2018 across the entire country, CleanTechnica reported. This is the lowest quarterly capacity addition in India’s solar power sector since the second quarter of 2017.

* Early estimates show that the Netherlands added between 1,300 MW and 1,500 MW of solar power in 2018, according to pv magazine.

* Colombia's first renewable energy auction is expected to move forward in February after the country's energy planning authority rescheduled plans and reduced allocations, Windpower Monthly reported.

* Equinor has entered an agreement with subsea connector firm Unitech Offshore for the company to take over Equinor's Hywind demonstration floating wind turbine in Norway.

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