Rapid decarbonisation of energy systems and industries through electrification and increased production of renewable energy is required to achieve the goals of the Paris Agreement. Wind and solar power can be developed fast and is therefore suited to meet the increased demand for clean energy and provide an immediate climate effect.
The Nordic countries are at the forefront of global climate change action, driving strong growth in demand for clean wind and solar power. Njordr is an active and responsible developer of wind and solar power projects engaging in close dialogue with the local authorities and communities in which we are active.
Doubling production of clean electricity and net zero by 2035
100% fossil-free electricity production by 2040 and net-zero by 2045
Cut emission by >55% by 2030 and becoming low-emissions society by 2050
Wind and solar power create significant climate benefits. Increased renewable energy production enables the Nordic industry and become free of CO2 emissions. Electricity produced in Norway, Sweden and Finland is periodically exported, thus replacing power generated from fossil fuels such as coal in the continental Europe. The rapid growth of renewable energy generation is a material contributor for achieving national and regional Nordic carbon emission reduction targets.
Wind is a great source of clean renewable energy. In the Nordics, the wind blows especially during the autumn and winter months, when the electricity demand is also highest.
The turbines transforming wind to electricity are becoming more and more efficient. Only one-third of the amount of modern wind turbines is needed to produce the same amount of electricity that was produced in 2015. Over the past decade, the production costs for new land-based wind power have almost halved.
The development of wind power plants is regulated throughout our markets and subject to stringent requirements aimed at minimising impact on the environment, wildlife and local societies close to the installations. Njordr follows the national and regional rules at all our projects and we share best practices within the company.
Solar power offers a multitude of benefits. It is a clean and abundant source of energy which contributes to diversifying the energy mix and security of supply. Solar power production is highly complementary to wind power production due to often contrary production times. The long summer days in the Nordic region provide ample sunlight and highly efficient energy conversion. Njordr's goal is to increase the domestic production of renewable energy to meet the requirements of future green industries and society.
Development activities are aligned with the benefits offered by solar power development. This is exemplified by the Lålby project in Finland where the planned solar plant will be situated on the former ash deposit site of a coal power plant, an area with limited alternative uses, effectively reducing the need for natural forest clearance. Moreover, the existing infrastructure in the area is fully aligned with the requirements of the solar power plant, eliminating the need for constructing new power lines.
This is an example of how our responsible strategic approach promotes renewable energy and mitigates potential environmental impacts, making it a win-win proposition for both local communities and the environment.
It is important to Njordr that the local community participates in the planning of renewable power projects and benefits from the power generated. In most Nordic countries, property taxes for wind and solar power plants are paid to the municipality where the power plants are located. In addition, we pay rent to landowners in the areas of wind farms and solar power plants and support projects of local communities.
We work purposefully with a systematic process to map areas that are suitable for wind and solar power. The first phase focuses on land access, wind resources or solar conditions, grid connection possibilities, market conditions and other relevant local conditions. Dialogue with municipalities forms an important part of the analysis.
If the first phase analysis provides a positive result, we progress to consider additional factors that may have an impact such as nearby national interests, natural values, bird life, cultural environments and other local conditions. The findings may be decisive in assessing the project's suitability for development.
If the overall results are positive, we initiate an application for a permit according to the relevant legislation.