Faroe Islands a reaction to the growing self-government and independence movements, Denmark finally granted the Faroe Islands home-rule with a high degree of local autonomy on 30 March 1948. In 1973 the Faroe Islands declined to join Denmark in entering the European Economic Community (later absorbed into the European Union). The islands experienced considerable economic difficulties following the collapse of the fishing industry in the early 1990s, but have since made efforts to diversify the economy. Support for independence has grown and is the objective of the Republican Party. The Faroe Islands are an island group consisting of 18 major islands (and
Economy of the Faroe Islands lithium-ion battery became operational in 2016. Planners also consider converting the existing hydropower to pumped-storage hydroelectricity. Tidal power and Thermal energy storage solutions are also considered. The islands have a goal of 100% green electricity production by 2030. In 2014 50.8% of the electricity production of SEV in the Faroe Islands came from green energy like hydro and wind, while 49.2% was produced by the thermal power plants, which was 12.4% less than in 2013. Total annual production: 305.4 GWh (2014) of which the production of thermal, hydropower and wind power was: The Faroe Islands have no electricity connections to