According to the latest Global Energy Architecture Performance Index Report 2016 (EAPI), Denmark ranks in the top 5 in the world when it comes to national energy systems.
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The Global Energy Architecture Performance Index Report 2016 is published by the World Economic Forum and ranks 126 countries on their ability to deliver secure, affordable and sustainable energy. Denmark ranks behind Switzerland, Norway, Sweden and France, but jumped up two spots compared to last year.
Even though Denmark does not have large hydropower resources like the countries we are compared to, we can still compete among the leading players in the world league. The energy sector's ability to develop new, efficient and innovative energy solutions, combined with a long-term energy policy mean that today we enjoy green and secure energy at increasingly competitive prices.
Lars Aagaard, Managing Director
Danish Energy Association
A power grid with high delivery and large spread of different forms of energy are part of the Danish success recipe. Denmark is at the forefront when it comes to energy security, measured partly on the number of interruptions and the share of population having access to electricity. In both parameters Denmark is ranked number one.
The trend is to some extent driven by expansion of renewable energy sources, which offer low and stable operating costs.
Despite high growth rates, renewable energy represents only a small fraction of today’s global energy consumption. At the country level, however, several nations are leading the transition to alternative energy sources, primarily Austria, Finland, Denmark, Portugal, Germany and France. Between 2006 and 2013 Denmark added 12 percentage points to its share of primary energy supply from renewables.
While new energy sources offer opportunities for increased resilience, as countries transition, significant technical and market challenges will arise, creating risks for reliability and security.
Increasing generation from new energy sources introduces new complexities to grid management, and requires effective integration of variable electricity. In the report, Denmark is highlighted as one of the countries that has shown that electricity grids can be operated without disruption with a growing share of renewables.
Click to read the Global Energy Architecture Performance Index Report 2016.
If you would like to learn more about doing business in Denmark or Danish core industry competencies, please contact one of our experts. We have specialised staff across the globe with industry insights and well-connected networks, ready to advise you on every aspect of investing in Denmark.
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