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Statkraft and Aker Offshore Wind target Norwegian offshore wind market

By: Tom Russell 27/01/2021 Statkraft

General Windfarms

Statkraft, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind project opportunities in Norway. 

Last year, the Norwegian government announced that it will open for applications for licenses for the development of wind power in two areas in the North Sea, namely “Utsira Nord” and “Sørlige Nordsjø II”. The cooperation will explore the opportunity for bottom-fixed offshore wind at Sørlige Nordsjø II (“SN2”), for which the companies will establish an integrated project team, 50/50 split between Aker Offshore Wind and Statkraft, for joint preparation and submission of an acreage application and further development activities.

Statkraft is a major provider of hydropower internationally and is one Europe’s largest generator of renewable energy. The group produces wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations and has 4,000 employees in 17 countries.

“By entering a cooperation with Aker Horizons and Aker Offshore Wind, we are exploring a value-creative opportunity in Norway. We have expertise in the development and operations of wind power and have previously been engaged in offshore wind in the UK. Strong growth, falling technology costs and a changed competitor landscape indicates that offshore wind will take a larger role in the European energy transition; therefore, we see the cooperation with Aker as an opportunity for substantial value creation and accelerate Europe’s green transition,” said Statkraft Chief Executive Officer Christian Rynning-Tønnesen.

Aker Offshore Wind is an offshore wind developer headquartered in Norway with focus on assets in deep waters. The company is majority-owned by Aker Horizons, an investment company dedicated to creating value and reducing emissions from renewable energy and decarbonisation technologies.

“Statkraft has been making clean energy possible for over a century. A partnership that couples Europe’s largest renewable energy producer with Aker’s 180-year track record and industrial expertise, especially on the NCS, has the potential to redefine Norway as an energy nation. Norway’s leading offshore industry, including a strong supplier industry, means we already have the building blocks and capabilities in place to be at the forefront of the energy transition. We look forward to working with Statkraft to develop the offshore wind industry further, reducing emissions and creating new jobs for the future,” said Øyvind Eriksen, President and Chief Executive Officer of Aker ASA and Chairman of Aker Horizons. 

For more information on offshore wind farms worldwide, click here.

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Statkraft and Aker Offshore Wind target Norwegian offshore wind market

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