- The hydro and wind power facilities will take an investment of up to 6 billion euros.
- The plans would double Statkraft’s current output from wind farms and boost the effect of the company’s hydropower plants.
Statkraft, Norway’s renewable power producer, said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and build new onshore wind farms. The plans would double Statkraft’s current output from wind farms and boost the effect of the company’s hydropower plants, adding three terawatt hours (TWh) of additional electricity output.
Statkraft will spend between 1.8 billion and 3 billion euros to upgrade hydroelectric plants, 1.2 billion and 2 billion euros to rehabilitate older dams and plants and some 1 billion euros on renewal and construction of onshore wind farms. Also, Nordic operations chief, Birgitte Ringstad VartdalL, said, “All projects will depend on a predictable regulatory framework, getting the necessary concessions, the level of power demand, and a good dialogue with local communities.”