Hydropower

Overview

The hydropower sector shows steady activity with ongoing modernization of existing facilities and new small-scale developments. Recent developments include significant pumped storage projects like Eviny's 250 MW Nygård facility and voltage upgrades to 420 kV, indicating continued investment in grid infrastructure and energy storage capabilities.

Grid Considerations

Projects typically require connections ranging from 22 kV to 420 kV, with increasing focus on voltage upgrades and pumped storage integration. Grid bottlenecks are evident in western regions where multiple projects compete for limited capacity.

Regulatory Environment

The regulatory environment emphasizes facility modernization and concession renewals, with streamlined processes for existing plant upgrades. Environmental considerations remain paramount for new developments.

Outlook

Stable long-term prospects with continued emphasis on modernization, pumped storage development, and grid infrastructure upgrades to support renewable energy integration and grid stability.

Market Trends

Key Players