Statkraft AS has declared that it has purchased two companies having pipelines over 37 GW of onshore and offshore wind projects in Sweden. The company has purchased onshore wind company Svevind Nordic AB, part of Dresden-based Svevind Energy Group, and Swedish-Norwegian joint venture (JV) Njordr Offshore Wind AB.
Svevind Nordic has an active pipeline of onshore wind projects with a combined capacity of more than 16 GW. The most advanced of them is the 600 MW Hastliden project, which is presently seeking Swedish government permission. While Svevind Nordic is scheduled to be merged with Statkraft’s activities, the Svevind group will continue to exist for the group’s other businesses outside of Sweden.
Furthermore, Njordr Offshore Wind is a joint venture between the Norwegian renewables company Njordr and Sweden’s Vindkraft Varmland. The company has secured nine preliminary projects in the Western Sea, Baltic Sea, Bothnian Sea, and Gulf of Bothnia, all of which are located in Sweden. These projects have a combined potential capacity of about 21 GW.
REGlobal’s Views: Sweden is emerging as an important player in the renewable energy space in the Nordic market, particularly in the offshore wind segment. Further, Europe is heavily focused on reducing its reliance on fossil fuels and increasing its renewable energy uptake. This large acquisition by Statkraft, in both onshore and offshore wind spaces, gives it a significant portfolio of renewables, that will help it to increase its market shares.