Statkraft, the Norwegian energy giant, has made significant strides in the Swedish renewable energy landscape through the acquisition of two developers specializing in both onshore and offshore wind power. Njordr Offshore Wind and Svevind Nordic bring to the table a substantial pipeline of projects, collectively amounting to more than 37 gigawatts (GW).
Njordr Offshore Wind, a collaborative venture between Njordr and Vindkraft Värmland, has been actively engaged in the early stages of offshore wind power projects. Their portfolio, backed by an experienced on-site team, holds great promise in contributing to Sweden's renewable energy objectives.
David Flood, Senior Vice President of Offshore Wind at Statkraft, highlighted the strategic significance of Sweden in Statkraft's plans. “The Nordic countries to a large extent form a common energy market. With an estimated need for a doubling of the electricity supply by 2045, Sweden is of particular interest for us,” he noted. “It fits well with our strategic ambition to grow within offshore wind with an ambition to have 10GW in operation in Europe by 2040. This deal comprises an attractive portfolio which gives Statkraft the opportunity to contribute to delivering more renewable energy to Sweden, one of our focus markets.”
The projects included in the Njordr Offshore Wind portfolio span locations in the Swedish part of the Western Sea, the Baltic Sea, the Bothnian Sea, and the Gulf of Bothnia. These projects collectively have a potential capacity of 21GW.
Simultaneously, Statkraft's acquisition of Svevind Nordic adds further depth to their onshore wind initiatives. Svevind Nordic, with its 16 employees and a comprehensive project pipeline, is positioned to play a pivotal role in advancing Statkraft's growth in onshore wind power.
The development projects earmarked by Svevind Nordic are situated in electricity pricing zones SE1 and SE2, boasting a cumulative potential installed capacity exceeding 16GW. Among these, the most advanced project is the 600MW Hästliden, which is currently undergoing the approval process with the Swedish government.
Statkraft Sweden's Chief Executive, Jakob Norström, expressed enthusiasm for this strategic move, stating, “We are tremendously happy to be able to strengthen our operations with a group of extremely competent employees who, together with the project portfolio, will make an important contribution to our ambitions to grow in onshore wind power and not least to the industrial development in Northern Sweden.”
Work is now underway to seamlessly integrate Svevind Nordic and Njordr Offshore Wind into Statkraft's operations. While Svevind Nordic becomes an integral part of the Statkraft family, the Svevind brand will continue for other operations conducted by the Svevind Group outside of Sweden.
It's important to note that the Njordr Group's activities in onshore wind and solar power in Sweden, Norway, and Finland are not included in this transaction, retaining their distinct operations.
