Norway’s largest utility Statkraft has acquired Sweden-based Njordr Offshore Wind, a joint venture between Njordr and Vindkraft Värmland, and its portfolio of early-stage offshore wind power projects.
The portfolio includes nine projects located in the Swedish part of the Western Sea, the Baltic Sea, the Bothnian Sea, and the Gulf of Bothnia.
The total potential capacity of the projects is around 21 GW with an expected annual production of over 80 TWh per year. Statkraft said that it was planning considerable investments in offshore wind power in Sweden going forward as part of its strategy to achieve significant wind power growth.
“With an estimated need for a doubling of the electricity supply by 2045, Sweden is of particular interest to us. It fits well with our strategic ambition to grow within offshore wind with an ambition to have 10 GW in operation in Europe by 2040,” said David Flood, SVP of offshore wind at Statkraft.
Apart from this acquisition Statkraft also bought Svevind Nordic and its portfolio of onshore wind projects with a total potential installed capacity of more than 16 GW.
Work is now underway to integrate Svevind Nordic and Njordr Offshore Wind into Statkraft’s operations. The Svevind brand will remain for other operations that the Svevind Group conducts outside of Sweden. The Njordr Group also has operations in onshore wind and solar power in Sweden, Norway, and Finland. These activities are not covered by the transaction.
