Global energy group Statkraft in collaboration with TrønderEnergi and Nordic Wind Power, a European investor consortium, is planning to build an onshore wind power project in central-Norway’s Fosen peninsula island.
Claimed to be the biggest of its kind in Europe, the project will have six onshore wind farms, with a combined capacity of 1000MW.
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The project will be built with an investment of around €1.1bn, with construction expected to start in second quarter of this year and scheduled to be commissioned by 2020.
Upon completion, the wind farms will be capable of producing 3.4TWh power per year.
Fosen Vind, a joint venture (JV) company of Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power formed by Credit Suisse Energy Infrastructure Partners and Switzerland-based group BKW, will own the proposed wind farms.
With 52.1% ownership interest in the JV, Statkraft will execute the wind project in the construction phase.
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By GlobalDataTrønderEnergi will have 7.9% ownership share and Nordic Wind Power have bought the remaining 40.0% share from Agder Energi, TrønderEnergi and NTE.
Last year, Statkraft suspended the project citing lack of profitability.
Statkraft CEO and president Christian Rynning-Tønnesen said: “Together with our partners Statkraft has developed the largest renewable energy project in Norway in this millennium.
“With a 1000MW project we become one of the leading onshore wind players.”
The wind farms will be equipped with 278 turbines of 3.6MW capacity, with delivery expected to begin in 2018.
Fosen Vind has already placed the wind turbine order to Vestas.
