Olav Vilnes

(Montel) The Nordic power market is moving towards a “new energy reality” with higher prices driven by rising demand and limited new supply, the CEO of renewables developer Cloudberry said on Wednesday.

(Montel) It is impossible under EU state aid rules to expand Norway's fixed power price scheme for households to also include businesses despite MPs' calls for the expansion, energy minister Terje Aasland said on Thursday.

(Montel) Norwegian energy companies will proceed with exploring for oil and gas in the Arctic despite reports the EU will maintain a moratorium on extraction in the region, industry lobby group Offshore Norway said on Monday.

(Montel) Dutch renewables trader STX on Wednesday urged caution over the introduction of strict requirements for hourly renewables matching amid

(Montel) Increased demand for long-term power purchase agreements (PPAs) from data centre developers could help unleash investments in Swedish nuclear plants, an executive at Finnish utility Fortum told Montel.

(Montel) Nordic power spot prices are likely to stabilise above EUR 80/MWh on average in the early 2030s as a strong demand rise will weaken the domestic power surplus, consultancy Sigholm said on Thursday.

(Montel) Norway's energy minister has defended a 12.5% increase in the government's fixed retail power price, arguing that it's needed to protect against a volatile wholesale market.

(Montel) Political discussions about loosening EU carbon market rules have heightened concerns from industries that have invested in decarbonisation, Swedish steel company Stegra said on Wednesday.

(Montel) Data centres will lead growth in Nordic power demand of up to 49% by 2035, Norwegian utility Statkraft said on Tuesday, with a need for a rapid increase in home-grown power production to avoid reliance on imports.

(Montel) Small project sizes and the risk batteries could cannibalise the power market, reducing producer revenues, have so far kept Norway's sovereign wealth fund from investing in the technology, a fund manager said.