Statkraft has acquired two developers in Sweden’s onshore and offshore wind power markets, which have a combined pipeline of more than 37GW.
Njordr Offshore Wind operates in the offshore market, while Svevind Nordic develops onshore wind.
With the purchase, Statkraft underlines its ambitions to continue the Swedish growth journey in renewable energy and contribute to the energy transition it said.
Svevind Nordic has 16 employees and a project pipeline included in the acquisition.
The development projects are in electricity pricing zone SE1 and SE2 with a total potential installed capacity of more than 16GW.
The project that is most developed is Hästliden with 600MW. It is with the Swedish government for necessary approvals.
The intention is to fully integrate Svevind Nordic into Statkraft’s operations.
“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,” said Statkraft Sweden chief executive Jakob Norström.
Njordr Offshore Wind, a joint venture between Njordr and Vindkraft Värmland, has developed a portfolio of early-stage offshore wind power projects.
In addition, there is a team on site that can take the projects to delivery.
“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,” said senior vice president offshore wind at Statkraft David Flood.
“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 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 21GW.
Work is now starting 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.