The establishment of enova sf is a shift in norways

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Unformatted text preview: will be developed on the lower part of the Vrbas River. The project has an expected output of 75 MWh and a yearly production capacity of 450 GWh. 100 million euros will be invested in this project.41 The company Enova SF was officially created on June 22, 2001 and became operational on January 1, 2002. Enova SF is a public enterprise owned by the Ministry of Petroleum and Energy. Enova SF's main objective is to contribute to environmentally friendly and rational use and production of energy, relying on financial instruments and incentives to stimulate market actors and mechanisms to achieve national energy policy goals. The establishment of Enova SF is a shift in Norway's organization and in the implementation of its energy efficiency and renewable energy policy. By bringing together many strategic policy undertakings into this one company, Norway wanted to create an agency that has the capacity to stimulate energy efficiency by motivating cost-effective and environmentally sound investment decisions. Enova SF enjoys considerable freedom regarding its strategic policy. Enova SF advises the Min...
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