HOLMENKOLLEN (Nettavisen): Someone might have jumped when Pareto director Lars Ove Skorben talked about the European electricity system with overtly sexual references.
– I usually say that all electrons try to reach Paris, but they lose their footing along the way, said Skorben, and pointed out that something similar happens when people try to reproduce.
Norway and Sweden supply electricity to the rest of Europe.
He clearly stated that Norway has now imported two new power cables to the UK and Germany at German energy prices.
– With the two new cables, NO2 (Southwest Norway) has practically become an extension of the German market, said Skorben.
He pointed out that there is now a 94 percent correlation between prices and NO2 in Germany.
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The cables were mostly built to help Europe meet its climate targets.
A consistent theme of this year’s Pareto Conference is precisely climate goals. Although William Lundin called the 2050 target “highly unlikely” in his keynote, Pareto Securities remains very optimistic that the 2030 targets can be met. Do What it takes to achieve goals.
Christian Jomas, Pareto’s CEO, started the day by pointing out that price increases for wind turbines, among others, are on a downward path after a period of sharp price increases. Meanwhile, he also pointed out that the growth of renewables is higher than expected.
But he took a tough stand against them speaks They will act compared to those who actually do the things that make it possible to create new renewable energy.
He pointed out the difference between the governors of California and Texas. The former has been vocal about taking climate action, while the Texas governor has called “The Green New Deal” dangerous for America.
– But Texas is fast at approving new projects, so construction there is fast. The Pareto boss said that markets always work.
– This picture says it all
This thread was taken by Lars Ove Skorpen:
– We think it would cost 420 billion to build 40 TWh of new electricity generation in Norway. 420 billion may sound huge, but it pales in comparison to oil investments.
– But do politicians believe in their own goals? It doesn’t seem like that. This picture says it all, said Skorpan.
He kicked the picture out of an election campaign where Jonas Kahr Storr was the only one of the nine party leaders to believe in Norway’s climate targets for 2030.
– He says that even his second-in-command next to him doesn’t believe it, Finance Minister Trygve Slacksvold Väm.
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He believed politicians were now talking about offshore wind because it was less controversial.
– He pointed out that politicians prefer things that are distant in time.
He also took the opportunity to mock the “excessive price subsidy” introduced in connection with the power crisis. He thought that the fact that one could come up with the idea of introducing additional taxes when there was a serious effort to build more power generation did not add up.
He believed that in practice Norwegian politicians had taxed Norwegian investments in hydropower to death, while at the same time importing large quantities of batteries from China.
– Wake up politicians!
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Lars Ove Skorben said at the same time that Norway may not fully realize the value of our hydropower, as more and more unregulated power generation is controlled in the world.
He points out that home batteries are becoming an increasingly popular solution to the problems of wind-dependent electricity generation.
– Norway’s largest reservoir, Blåsjø, has a storage capacity of 7.8 TWh. This is approximately 20 percent of Denmark’s annual electricity consumption.
– Tesla’s Powerwall battery has a capacity of 13.5 kWh and costs around $9,600. At that price, that gives Blåsjø a value of around $5,500 billion – or four times the value of the oil fund.
– and he points out that this is only a small fraction of Norway’s total storage capacity of 87 TWh.
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