Nordic Long Term Market Outlook
Strong European emission declines the coming decades are in the cards, as an ambitious EU-27 55% GHG emission reduction target by 2030 has been agreed, affecting Central Europe strongly. It also paves the way for additional efforts in renewables and promotion of rather immature technologies in the years to come, having significant implications for the Nordic power balance. While we for years have expected onshore wind power to increase significantly, we now also expect approx 100 TWh of raised power consumption in a matter of only a decade.
In the June edition of our Nordic long term report, we discuss the outlooks and unveil our findings on long term power prices.