Transcript Document

Business in Norway. Renewables
Tiina Link, Commercial Manager
Innovation Norway Tallinn
Innovation Norway
• Official Norway’s commercial representation abroad
• Similar organisation to Enterprise Estonia
• Ca 8 billion EEK for the reinforcement of Norwegian industry, >
10 billion EEK in 2009
• 750 employees. Offices in all Norwegian counties and 30
countries abroad. The head office is located in Oslo
• Innovation Norway office in Tallinn co-ordinates activities in
the Baltic states
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‘Impressions of Norway’ video
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Norway - a well off nation
• Per capita income amongst highest in the world
• No 1 in United Nations quality of life index
• Average salary ca 60 000 EEK (2007)
• Unemployment rate: 2.5% (2007)
• Over 300 000 companies in Norway. 40 000 new companies
created every year
• 80% of Norwegian companies have less than 20 employees
Source: Statistics Norway, Norwegian Ministry of Trade and Industry
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Key business fields in Norway
• Oil & gas of the North Sea. Norway is 3rd largest oil exporter
in the world
• Long tradition as a seafaring nation. 5th largest shipping
nation in the world
• Many newly established high-tech companies
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Energy sector in Norway
• Dominated by oil & gas
• Activities located in North Sea, the Norwegian Sea and the Barents
Sea
• StatoilHydro – one of the world’s largest offshore producers of oil&gas
• Technologically very advanced supplier industry
• Power producers largely owned by public sector. Statkraft 1/3 of
production capacity
• Most of countrywide distribution network owned and operated by
Statnett. Municipalities and counties own most of the regional
distribution networks
• Norway amongst first in the world to liberalise power market
• Fast growth in internationalisation over last years
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Environment-friendly energy sector in Norway
• 99% of total electricity production comes from hydropower
• Statkraft’s Smøla wind farm is the largest in Europe. Despite such
projects wind energy still means little for energy supplies
• Solar - players of global scale, e.g Renewable Energy Corporation
• Bioenergy
• Emerging sectors:
Wave
Tidal
Osmotic energies
Biofuels
Hydrogen fuel
• Carbon capture and storage – Norway amongst leading in the world
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Wind power in Norway
• Norwegian coast offers big potential for wind energy
• Experience with demanding wind conditions, Class 1A
• Cold weather experience
• Offshore technology to be used in offshore wind parks
• Norwegian wind power business located
from South to North
• R&D - Trondheim, Bergen, Kjeller, Arendal, Stavanger
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Wind industry in Norway
• Scanwind – land-based wind turbines suited for rough coastal climate
• Sway - floating wind turbines located in deep water
• Highcomp – large-scale composites,
coverings for wind turbines
• SmartMotor AS – new wind energy generator
uses magnets for turbines
• Chapdrive – using hydraulics instead gear
in wind turbines
• WindSim - simulator for optimizing the energy production from wind
turbines
• Kjeller Vindteknikk - wind measurements and analysis
• Nemo Engineering – translating design, installation, operation in
offshore to the renewable energy market
• Norsk Vind Energi – windparks developer/operator in Norway and
Russia
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Case of R&D in wind power in Norway
• StatoilHydro Hywind floating turbines
• Financing:
StatoilHydro - ca 800 mil EEK
Enova - ca 120 mil EEK
Implementation autumn 2009
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Renewable energy R&D in the Nordic countries 19762010,
Million €
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€
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40 €
30 €
20 €
10 €
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Denmark
Sweden
Norway
Finland
Source:Norwegian Institute for Studies in Innovation, Research and Education,
Innovation Norway
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Innovation Norway’s and Nordic support to
renewables sector
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Norwegian energy policy system
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Source:Norwegian Institute for Studies in Innovation, Research and Education
Innovation Norway prioritizes:
• Networks (local and international)
• Small and mid size companies with international
growth ambitions
• Enterpreneurship
• Women in business
• Youth in business
• Agriculture
• Tourism
• Oil and gas
• Health and biotechnology
• Energy and environment
• ICT
• Maritime
• Marine
• Creative economy
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Innovation Norway Wind & Ocean network
• Small and medium size wind & ocean energy companies with
international growth ambitions
• 150 hrs assistance from adviser with international experience
and network
• 30% product development co-financing (IFU)
• Joint gatherings in different areas in Norway and abroad
• Mapping of market and financing possibilities
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Innovation/internationalisation support
schemes in Norway
Oslo stock exchange
Commercial
funds
Seed fund (Investinnor)
Venture capital & private equity
Business angel
INs risk loans
Establishment grant
Public funds
Investment fund for non-EU.
Product/services development grant(IFU/OFU)
Research funds
Internationalisation grants (INT)
Regional development funds
Research innovation (BIA/BIP)
Commercialising R&D (FORNY)
Tax
incentives
Skattefunn
Research/idea
phase
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Development
phase
Commercialisation
phase
Growth
phase
Nordic funding to environmentfriendly/innovative projects in the Baltics
• Norwegian and European Economic Area financial mecanisms
www.eeagrants.org
• Nordic Environment Finance Corporation www.nefco.fi
• Nordic Innovation www.nordicinnovation.net
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Possibilities to create personal contacts with
Norwegian players
• 2nd Scandinavian Renewables conference 7 to 8 October 2009 in Oslo
www.scan-ref.com
• ONS fair in 24 to 28 August 2010 in Stavanger www.ons.no
• www.nortrade.com
• Norwegian Wind Association www.norwea.no
• Innovation Norway Wind & Ocean network [email protected]
• Environmentally-friendly energy trade cluster
http://www.arenaprogrammet.no/templates/Page_Meta____57747.as
px
• Sintef and Norwegian University of Science and Technology
Renewable Energy Center www.sffe.no
• International forums to matchmake young innovative companies with
risk investors www.seedforum.org
• Nordic Council of Ministers Nordprolink, Nordplus programmes
www.norden.no
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Äitäh! Takk!
Tiina Link
Commercial Manager
Innovation Norway Tallinn
Norwegian Embassy
Harju 6, 15054 Tallinn
Tel. +372 6313 466
[email protected]
www.norra.ee / www.innovasjonnorge.no
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