Statkraft Acquires Njordr Offshore Wind AB


Hydropower developer Statkraft has acquired offshore wind power developer Njordr Offshore Wind AB as a part of its effort to expand its presence in the renewable energy sector.

Njordr Offshore Wind, a joint venture between Njordr and Vindkraft Värmland, has developed a portfolio of early-stage offshore wind power projects.

“The Nordic countries, to a large extent, form a common energy market,” explains David Flood, senior vice president of offshore wind at Statkraft. “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.”

The Njordr Offshore Wind portfolio includes nine projects located in the Swedish part of the Western Sea, the Baltic Sea, the Bothnian Sea and the Gulf of Bothnia. The total potential capacity of the projects is approximately 21 GW, with an expected annual production of over 80 TWh per year.

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