Statkraft to lead investment in $1.2bn onshore wind farm

Statkraft is leading a consortium aiming to develop what they propose will be Europe’s largest onshore wind farm.

Statkraft, Tràƒ¸nderEnergi and the European investor consortium Nordic Wind Power DA are coming together to develop the project in Central-Norway.

It will comprise six onshore wind farms, with a combined capacity of 1000 MW. The total investment in the wind farms amounts to approximately $1.2bn (EUR 1.1bn). Construction will commence in Q2 2016 and commissioning will be completed in 2020.à‚ 
Christian Rynning-Tàƒ¸nnesen, CEO and President of Statkraft
The wind farms will be built on the Fosen peninsula, the island of Hitra and in Snillfjord, in a coastal area providing some of the best conditions for renewable energy production from wind in Europe. At 1000 MW the projects’ capacity is more than the current total installed capacity of wind power in Norway.

The joint venture company Fosen Vind DA will be the owner of the wind farms. Statkraft will have a 52.1 per cent ownership interest in the company, along with responsibility for the project execution in the construction phase.

“This is an important day. Together with our partners Statkraft has developed the largest renewable energy project in Norway in this millennium. With a 1000 MW project we become one of the leading onshore wind players”, said Christian Rynning-Tàƒ¸nnesen, CEO and President of Statkraft.à‚ à‚ 

The first delivery of turbines is scheduled for 2018. The project will use 278 wind turbines of 3.6 MW capacity (Vestas V117-3.45 MW and V112-3.45 MW turbines with power optimised mode to 3.6 MW).

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