51% sustainable energy generation in the first quarter
Of total electricity production in the first quarter of 2019, 51 percent were harvested from sustainable energy sources. First quarter saw a 12.5 decrease in wind power production, wheras hydroelectric power generation increased.
Heavy rains in March in particular lead to a substantial rise in hydroelectric power generation, which was up 52 percent compared to March of 2018. Thus hydroelectric power accounted for an increase in sustainable electricity generation in the first quarter, i.e. 29 per cent in the first three months of the year.
Although sustainable power generation has increased, it is not proportionally evident in total electricity generation, as we have seen a substantial rise in total electricity production.
Compared to the first quarter of 2018, total electricity production is up an all time high 10 percent. Annual increase in electricity production is forecast 2 percent; however, with the level of activity in the Faroe Islands in recent years, we have seen an annual growth of 4 – 5 percent in total electricity production.
The goal is to reach 100 percent sustainable electricity production on land by 2030.