The Norwegian state-owned power utility Statkraft has acquired two Swedish onshore and offshore wind power companies which have a combined pipeline of more than 37 GW. Statkraft has acquired Njordr Offshore Wind (NOW), a joint venture between Vindkraft Värmland and Njordr, which holds permits to a portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity, expected to produce over 80 TWh/year.
In addition, Statkraft acquired Svevind Nordic AB, which holds a development project pipeline in Sweden’s electricity pricing zone SE1 and SE2 with a total potential installed capacity of more than 16 GW of onshore wind. Currently, the most developed project is Hästliden (600 MW), which is currently being reviewed by the Swedish government for necessary approvals.
In 2022, Statkraft generated 60.2 TWh of power (-14%). 53.9 TWh of the generated electricity came from hydropower, followed by wind power with 4.3 TWh and gas-fired power with 1.7 TWh. The company reached 19.1 GW of installed capacity in 2022: 14.4 GW came from hydropower, 2.5 GW from gas-fired power and 2.1 GW from wind power. Statkraft has a growth target of 9 GW by 2025. The group plans to develop between 2,500 MW and 3,000 MW of capacity annually by 2025, increasing to 4,000 MW every year by 2030.