Norway

Our Norwegian operations involve direct ownership i 123 hydropower plants with an installed capacity of 11,452 MW, seven wind power plants with an installed capacity of 662 MW and district heating plants in nine Norwegian cities with an installed capacity of 549 MW.

Statkraft’s ownership in other Norwegian regional power companies include the shareholdings in Skagerak Energi, Eviny and Å Energi. Statkraft also has a large share of long-term power contracts with industrial companies in Norway.

Statkraft has for more than 30 years been a significant market player in Nordic energy trading.

Statkraft is planning to invest up to six billion euros in upgrades to its Norwegian hydro and wind power facilities and construction of new onshore wind farms.

This investment program includes:

• 1.8 – 3 billion euros in upgrades and transformations of Norwegian hydroelectric power plants.
• 1.2 – 2 billion euros in rehabilitation of dams and modernization of older power plants.
• Around 1 billion euros in renewal of existing and construction of new onshore wind farms.
• 2,500 GWh or more wind power production (more than double the current production).
• 1,500-2,500 MW increased capacity in hydroelectric power plants (over 20% increase in installed capacity).  

Many of Statkraft’s new business initiatives have originated and are being developed in Norway, including offshore wind, electric vehicle (EV) charging, data centre sites, green hydrogen and biofuel.

Visit Statkraft's country site for Norway