«This marks the beginning of eligible Norwegian power stations' entry into the Swedish-Norwegian electricity certificate market. Moreover, it represents a major crossroads. The introduction of the electricity certificate market is expected to make wind farms commercially attractive and small-scale power developments more profitable, » says President and CEO of Statnett Auke Lont.
Kvassteinåga Power Station in Vefsn in Nordland County has an installed capacity of 4.33 MW and a normal annual production of 15 GWh, corresponding to an average consumption of about 750 households.
«One of Statnett's most important tasks is to facilitate renewable energy production. We do this through our plan for the next generation main grid and by developing and keeping the electronic electricity certificate register, » Lont says.
Green certificates are part of a common Swedish-Norwegian technology-neutral, market-based support scheme which will last until 2035. The aim of the scheme is to make it more profitable to invest in power production based on renewable energy sources, such as hydropower, wind power, solar power and bioenergy. Power stations covered by the scheme will be issued with a green certificate according to how much electricity they produce, whereas power suppliers and consumers are required to purchase green certificates for a specified share of the electricity they sell or consume.
The Norwegian-Swedish electricity certificate market aims to trigger 26.4 TWh of renewable energy production in Norway and Sweden.
Certificates are issued on the basis of submitted production data which Statnett, as responsible for settlements, receives from the grid companies when the power station has been approved by the Norwegian Water Resources and Energy Directorate (NVE). Statnett is responsible for keeping the electricity certificate register.
Vaage Power Station (Suldal Municipality, Rogaland County) and Myrbekk Power Station (Suldal Municipality, Rogaland County) received their certificates today.