Europe’s Green Battery Is Recharging to Ease the Energy Crunch
- Snow piling up in Norway will give a boost to hydro power
- Nordic power prices have slumped more than 30% this year
Low water levels at the Roskreppfjorden dam in Sirdal, Norway.
Photographer: Carina Johansen/BloombergThis article is for subscribers only.
One of Europe’s most important sources of clean power is replenishing faster than normal.
Despite unseasonably warm temperatures in much of Europe this winter, heavier-than-normal snowfall is set to boost reservoirs that supply key Norwegian hydroelectric plants. It’s another sign that the worst energy crunch in decades is waning.