Statkraft strengthens its position in Sweden through wind power acquisitions

Statkraft has acquired two companies in onshore and offshore wind power: Njordr Offshore Wind AB, which develops offshore wind power and Svevind Nordic AB, a development company in onshore wind power. With the purchase, Statkraft underlines its ambitions to continue the Swedish growth journey in renewable energy and contribute to the energy transition.

Svevind Nordic AB
Svevind Nordic currently has 16 employees with high competence in project development, mainly within onshore wind power. The company also has a development project pipeline that is included in the acquisition. The development projects are in electricity pricing zone SE1 and SE2 with a total potential installed capacity of more than 16 000 MW. The project that is most developed is Hästliden with 600 MW that is currently 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, says 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, says Wolfgang Kropp, founder and CEO of SVEVIND Energy Group. He adds: Even if the career paths of long-time companions and colleagues part ways today, it feels right and beneficial for all parties.

Njordr Offshore Wind AB
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 forth 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. 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, says David Flood, Senior Vice President Offshore Wind at Statkraft.