Statkraft Bolsters Swedish Presence Through Wind Power Acquisitions


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Statkraft has expanded its renewable energy portfolio with the acquisition of two key companies. Njordr Offshore Wind AB focuses on offshore wind power, while Svevind Nordic AB specializes in onshore wind power development.

Svevind Nordic has 16 highly skilled professionals with expertise in onshore wind power project development. The acquisition includes their project pipeline, primarily located in electricity pricing zones SE1 and SE2, offering a cumulative potential capacity exceeding 16,000 MW. Among these projects, Hästliden, with a capacity of 600 MW, is currently in the process of obtaining approvals from the Swedish government, and integration into Statkraft’s operations is planned.

Njordr Offshore Wind, a collaborative effort between Njordr and Vindkraft Värmland, has a collection of nascent offshore wind power projects.

The portfolio includes nine projects situated in various areas, such as the Swedish section of the Western Sea, the Baltic Sea, the Bothnian Sea, and the Gulf of Bothnia. These projects collectively have a potential capacity of around 21,000 MW, and they are projected to generate over 80 TWh annually.

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In line with Statkraft’s wind power expansion strategy, the company has ambitious plans for substantial investments in offshore wind power in Sweden in the near future. The process of incorporating Svevind Nordic and Njordr Offshore Wind into Statkraft’s operations has started. The Svevind brand will continue for Svevind Group’s activities beyond Sweden. However, Njordr Group’s onshore wind and solar power operations in Sweden, Norway, and Finland are not part of this transaction.

Speaking about the development, Anders Hærland, chairman of the board of Njordr, said “Njordr Offshore Wind has been a pioneer within offshore wind in Sweden, establishing a strong project team and a significant project pipeline by utilizing the project origination expertise of Vindkraft Värmland. This transaction validates Njordr’s strategy and how we are able to realise significant value from taking early positions.”

“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 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. 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”, added David Flood, Senior Vice President Offshore Wind at Statkraft.

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“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,” noted Jakob Norström, CEO of Statkraft Sweden.

“We are very proud that our Swedish team, with its unique expertise and experience gained over the years, will support such an important energy company as Statkraft in the future. In Statkraft, Svevind Nordic gets a strong owner who can continue the important work we have done and progress the project pipeline while providing for a continued positive work environment for the employees,” observed Wolfgang Kropp, founder and CEO of SVEVIND Energy Group. He further added, “Even if the career paths of long-time companions and colleagues part ways today, it feels right and beneficial for all parties.”

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