Norway and Sweden plan to add 18 TWh of new renewable power by 2022 under their common green subsidy scheme. The program will close to new participants from 1 January 2022. New projects under #construction are expected to add 10.6 TWh in Sweden and 7.4 TWh in Norway.
#Norway and Sweden have had a common green certificate market since 2012, aimed at increasing #renewable #energy production by 28.4 TWh between 2012 and 2020, with Norway to finance 13.2 TWh and Sweden 15.2 TWh. Producers of wind and #hydropower received one certificate per MWh of renewable power generation over a 15-year period. #Energy suppliers are allowed to purchase green certificates in the two countries to meet their national requirements. The Norwegian government, which forecasts power oversupply, wanted to end its #involvement in 2016, while #Sweden wished to extend it. Both countries came to an agreement in April 2017, allowing Sweden to add another 18 TWh and to receive a subsidy until 2045, while Norway decided to stop adding new projects to the joint system after 2021; the certificates issued under the current system would remain valid until 1 April 2046. In September 2020, the two countries signed an amendment to the mechanism, which will close down at the end of 2035.