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<br /> Annual report 2016<br /> <br /> Contents<br /> PART I: CEO’s report<br /> 4 Journey towards a low emission society has started<br /> PART II: Introduction of the organization and<br /> key figures<br /> 8 Social mission<br /> 9 Management<br /> 10 Organization<br /> 11 Key figures<br /> PART III: Activities and results from the year<br /> 14 Part III A: Reporting – the Energy Fund 2012–2016<br /> 14 Enova’s main objective<br /> 16 Objectives and results of the Energy Fund<br /> 18 Management of the Energy Fund’s resources<br /> 19 Climate reporting<br /> 22 New energy and climate technology<br /> 26 In-depth reporting<br /> 26 - Energy results<br /> 27 - Funding level<br /> 29 - Energy results by project category<br /> 31 - Portfolio composition<br /> 36 - Activities<br /> 38 - Geographical distribution and the largest projects<br /> 42 - International activities<br /> 43 Part III B: Reporting – <a title="Enova SF Annual report 2016 page 1" href="http://viewer.zmags.com/publication/3d636be6?page=1"> Annual report 2016</a> <a title="Enova SF Annual report 2016 page 2" href="http://viewer.zmags.com/publication/3d636be6?page=2"> </a> <a title="Enova SF Annual report 2016 page 3" href="http://viewer.zmags.com/publication/3d636be6?page=3"> Contents PART I: CEO’s report 4 Journey towa</a> <a title="Enova SF Annual report 2016 page 4" href="http://viewer.zmags.com/publication/3d636be6?page=4"> Journey towards the low emission society </a> <a title="Enova SF Annual report 2016 page 5" href="http://viewer.zmags.com/publication/3d636be6?page=5"> PART I | CEO’s report Full speed ahead in the t</a> <a title="Enova SF Annual report 2016 page 6" href="http://viewer.zmags.com/publication/3d636be6?page=6"> 6</a> <a title="Enova SF Annual report 2016 page 7" href="http://viewer.zmags.com/publication/3d636be6?page=7"> PART II | Introduction of the organization and ke</a> <a title="Enova SF Annual report 2016 page 8" href="http://viewer.zmags.com/publication/3d636be6?page=8"> Social mission Enova SF is a state enterprise, </a> <a title="Enova SF Annual report 2016 page 9" href="http://viewer.zmags.com/publication/3d636be6?page=9"> PART II | Introduction of the organization and ke</a> <a title="Enova SF Annual report 2016 page 10" href="http://viewer.zmags.com/publication/3d636be6?page=10"> Organization Enova's most important criterion f</a> <a title="Enova SF Annual report 2016 page 11" href="http://viewer.zmags.com/publication/3d636be6?page=11"> PART II | Introduction of the organization and ke</a> <a title="Enova SF Annual report 2016 page 12" href="http://viewer.zmags.com/publication/3d636be6?page=12"> 12</a> <a title="Enova SF Annual report 2016 page 13" href="http://viewer.zmags.com/publication/3d636be6?page=13"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 14" href="http://viewer.zmags.com/publication/3d636be6?page=14"> Part III A | Reporting – the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 15" href="http://viewer.zmags.com/publication/3d636be6?page=15"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 16" href="http://viewer.zmags.com/publication/3d636be6?page=16"> Objectives and results of the Energy Fund In 20</a> <a title="Enova SF Annual report 2016 page 17" href="http://viewer.zmags.com/publication/3d636be6?page=17"> 2016 has been characterized by a continued downtu</a> <a title="Enova SF Annual report 2016 page 18" href="http://viewer.zmags.com/publication/3d636be6?page=18"> Management of the Energy Fund’s resources Each y</a> <a title="Enova SF Annual report 2016 page 19" href="http://viewer.zmags.com/publication/3d636be6?page=19"> Climate reporting So far, Enova has mainly supp</a> <a title="Enova SF Annual report 2016 page 20" href="http://viewer.zmags.com/publication/3d636be6?page=20"> Energy versus climate results The projects suppor</a> <a title="Enova SF Annual report 2016 page 21" href="http://viewer.zmags.com/publication/3d636be6?page=21"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 22" href="http://viewer.zmags.com/publication/3d636be6?page=22"> New energy and climate technology Special empha</a> <a title="Enova SF Annual report 2016 page 23" href="http://viewer.zmags.com/publication/3d636be6?page=23"> Looking at the agreement term overall, it shows t</a> <a title="Enova SF Annual report 2016 page 24" href="http://viewer.zmags.com/publication/3d636be6?page=24"> Table 3.7 A selection of the largest projects wit</a> <a title="Enova SF Annual report 2016 page 25" href="http://viewer.zmags.com/publication/3d636be6?page=25"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 26" href="http://viewer.zmags.com/publication/3d636be6?page=26"> In-depth reporting Energy results The contractua</a> <a title="Enova SF Annual report 2016 page 27" href="http://viewer.zmags.com/publication/3d636be6?page=27"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 28" href="http://viewer.zmags.com/publication/3d636be6?page=28"> Table 3.9 Funding level within the Energy Fund 20</a> <a title="Enova SF Annual report 2016 page 29" href="http://viewer.zmags.com/publication/3d636be6?page=29"> Energy results by project category The projects </a> <a title="Enova SF Annual report 2016 page 30" href="http://viewer.zmags.com/publication/3d636be6?page=30"> Energy efficiency has accounted for more than half </a> <a title="Enova SF Annual report 2016 page 31" href="http://viewer.zmags.com/publication/3d636be6?page=31"> Portfolio composition 2016 is unique in that the</a> <a title="Enova SF Annual report 2016 page 32" href="http://viewer.zmags.com/publication/3d636be6?page=32"> Figure 3.9 Projects 2012–2016 distr ibuted by siz</a> <a title="Enova SF Annual report 2016 page 33" href="http://viewer.zmags.com/publication/3d636be6?page=33"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 34" href="http://viewer.zmags.com/publication/3d636be6?page=34"> Figure 3.12 shows the development in the number o</a> <a title="Enova SF Annual report 2016 page 35" href="http://viewer.zmags.com/publication/3d636be6?page=35"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 36" href="http://viewer.zmags.com/publication/3d636be6?page=36"> Activities Enova has awarded support to more res</a> <a title="Enova SF Annual report 2016 page 37" href="http://viewer.zmags.com/publication/3d636be6?page=37"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 38" href="http://viewer.zmags.com/publication/3d636be6?page=38"> Activities within communications and public relat</a> <a title="Enova SF Annual report 2016 page 39" href="http://viewer.zmags.com/publication/3d636be6?page=39"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 40" href="http://viewer.zmags.com/publication/3d636be6?page=40"> Figure 3.16 Number of projects supported within t</a> <a title="Enova SF Annual report 2016 page 41" href="http://viewer.zmags.com/publication/3d636be6?page=41"> PART III A | Reporting - the Energy Fund 2012-201</a> <a title="Enova SF Annual report 2016 page 42" href="http://viewer.zmags.com/publication/3d636be6?page=42"> International activities International work is a</a> <a title="Enova SF Annual report 2016 page 43" href="http://viewer.zmags.com/publication/3d636be6?page=43"> PART III B | Reporting - the Energy Fund 2001-201</a> <a title="Enova SF Annual report 2016 page 44" href="http://viewer.zmags.com/publication/3d636be6?page=44"> Table 3.21 Energy results 2001–2011, corrected fo</a> <a title="Enova SF Annual report 2016 page 45" href="http://viewer.zmags.com/publication/3d636be6?page=45"> Figure 3.18 shows the percentage of final reported</a> <a title="Enova SF Annual report 2016 page 46" href="http://viewer.zmags.com/publication/3d636be6?page=46"> Realized results When Enova supports a project,</a> <a title="Enova SF Annual report 2016 page 47" href="http://viewer.zmags.com/publication/3d636be6?page=47"> PART III B | Reporting - the Energy Fund 2001-201</a> <a title="Enova SF Annual report 2016 page 48" href="http://viewer.zmags.com/publication/3d636be6?page=48"> Climate reporting This chapter summarizes the e</a> <a title="Enova SF Annual report 2016 page 49" href="http://viewer.zmags.com/publication/3d636be6?page=49"> PART III B | Reporting - the Energy Fund 2001-201</a> <a title="Enova SF Annual report 2016 page 50" href="http://viewer.zmags.com/publication/3d636be6?page=50"> PART III C | Reporting by topic; new energy and c</a> <a title="Enova SF Annual report 2016 page 51" href="http://viewer.zmags.com/publication/3d636be6?page=51"> PART III C | Reporting by topic 90 per cent of</a> <a title="Enova SF Annual report 2016 page 52" href="http://viewer.zmags.com/publication/3d636be6?page=52"> Figure 3.24 CO2 emissions (tonnes) in Norwegian w</a> <a title="Enova SF Annual report 2016 page 53" href="http://viewer.zmags.com/publication/3d636be6?page=53"> PART III C | Reporting by topic The potential f</a> <a title="Enova SF Annual report 2016 page 54" href="http://viewer.zmags.com/publication/3d636be6?page=54"> Categories of measures to reduce emissions It is </a> <a title="Enova SF Annual report 2016 page 55" href="http://viewer.zmags.com/publication/3d636be6?page=55"> PART III C | Reporting by topic spent on devel</a> <a title="Enova SF Annual report 2016 page 56" href="http://viewer.zmags.com/publication/3d636be6?page=56"> Battery hybridization will also be relevant for o</a> <a title="Enova SF Annual report 2016 page 57" href="http://viewer.zmags.com/publication/3d636be6?page=57"> PART III C | Reporting by topic Both ships and p</a> <a title="Enova SF Annual report 2016 page 58" href="http://viewer.zmags.com/publication/3d636be6?page=58"> 58</a> <a title="Enova SF Annual report 2016 page 59" href="http://viewer.zmags.com/publication/3d636be6?page=59"> PART IV | Management and control in the organizat</a> <a title="Enova SF Annual report 2016 page 60" href="http://viewer.zmags.com/publication/3d636be6?page=60"> Management and control in the organization Manag</a> <a title="Enova SF Annual report 2016 page 61" href="http://viewer.zmags.com/publication/3d636be6?page=61"> PART IV | Management and control in the organizat</a> <a title="Enova SF Annual report 2016 page 62" href="http://viewer.zmags.com/publication/3d636be6?page=62"> Key methods in project portfolio management Eno</a> <a title="Enova SF Annual report 2016 page 63" href="http://viewer.zmags.com/publication/3d636be6?page=63"> PART IV | Management and control in the organizat</a> <a title="Enova SF Annual report 2016 page 64" href="http://viewer.zmags.com/publication/3d636be6?page=64"> 64</a> <a title="Enova SF Annual report 2016 page 65" href="http://viewer.zmags.com/publication/3d636be6?page=65"> PART V | Assessment of future prospects </a> <a title="Enova SF Annual report 2016 page 66" href="http://viewer.zmags.com/publication/3d636be6?page=66"> Pioneering spirit Over the course of a couple o</a> <a title="Enova SF Annual report 2016 page 67" href="http://viewer.zmags.com/publication/3d636be6?page=67"> PART V | Assessment of future prospects </a> <a title="Enova SF Annual report 2016 page 68" href="http://viewer.zmags.com/publication/3d636be6?page=68"> the environmental footprint is significantly large</a> <a title="Enova SF Annual report 2016 page 69" href="http://viewer.zmags.com/publication/3d636be6?page=69"> PART V | Assessment of future prospects Market d</a> <a title="Enova SF Annual report 2016 page 70" href="http://viewer.zmags.com/publication/3d636be6?page=70"> Industry and non-industrial plants and facilities</a> <a title="Enova SF Annual report 2016 page 71" href="http://viewer.zmags.com/publication/3d636be6?page=71"> PART V | Assessment of future prospects Solar </a> <a title="Enova SF Annual report 2016 page 72" href="http://viewer.zmags.com/publication/3d636be6?page=72"> Transportation Increasing emissions, but more effic</a> <a title="Enova SF Annual report 2016 page 73" href="http://viewer.zmags.com/publication/3d636be6?page=73"> PART V | Assessment of future prospects ASKO i</a> <a title="Enova SF Annual report 2016 page 74" href="http://viewer.zmags.com/publication/3d636be6?page=74"> Buildings Total energy consumption is increasing,</a> <a title="Enova SF Annual report 2016 page 75" href="http://viewer.zmags.com/publication/3d636be6?page=75"> PART V | Assessment of future prospects </a> <a title="Enova SF Annual report 2016 page 76" href="http://viewer.zmags.com/publication/3d636be6?page=76"> Building Norway's most energy- efficient school </a> <a title="Enova SF Annual report 2016 page 77" href="http://viewer.zmags.com/publication/3d636be6?page=77"> PART V | Assessment of future prospects New ene</a> <a title="Enova SF Annual report 2016 page 78" href="http://viewer.zmags.com/publication/3d636be6?page=78"> Bioenergy Small steps in the biofuel market Marke</a> <a title="Enova SF Annual report 2016 page 79" href="http://viewer.zmags.com/publication/3d636be6?page=79"> PART V | Assessment of future prospects More g</a> <a title="Enova SF Annual report 2016 page 80" href="http://viewer.zmags.com/publication/3d636be6?page=80"> 80</a> <a title="Enova SF Annual report 2016 page 81" href="http://viewer.zmags.com/publication/3d636be6?page=81"> PART VI | Directors' report and annual accounts f</a> <a title="Enova SF Annual report 2016 page 82" href="http://viewer.zmags.com/publication/3d636be6?page=82"> 82</a> <a title="Enova SF Annual report 2016 page 83" href="http://viewer.zmags.com/publication/3d636be6?page=83"> PART VII | Annual accounts for the Energy Fund </a> <a title="Enova SF Annual report 2016 page 84" href="http://viewer.zmags.com/publication/3d636be6?page=84"> PART VIII APPENDICES Appendix A Projects withi</a> <a title="Enova SF Annual report 2016 page 85" href="http://viewer.zmags.com/publication/3d636be6?page=85"> PART VIII | Apendices APPENDIX C Assignments </a> <a title="Enova SF Annual report 2016 page 86" href="http://viewer.zmags.com/publication/3d636be6?page=86"> Definitions and explanation of terminology Climat</a> <a title="Enova SF Annual report 2016 page 87" href="http://viewer.zmags.com/publication/3d636be6?page=87"> DEL VIII | Vedlegg Final reported energy result</a> <a title="Enova SF Annual report 2016 page 88" href="http://viewer.zmags.com/publication/3d636be6?page=88"> Enova works to promote Norway's transition to the</a>