HAFSLUND KRAFT AS

Overview

Hafslund Kraft AS maintains a large and diverse hydropower portfolio spanning multiple price zones, with 15 active queue positions totalling over 803 MW of production capacity and 240 MW of consumption — the latter likely reflecting pumped-storage or reversible turbine arrangements at Aurland and Usta. On the concession side, the company is pursuing upgrades and renewals at established plants such as Harpefossen (including battery storage hybridization) and Nes kraftverk, while also consolidating operational control through facility concession transfers at Borregaard, Tolga, and Mork. The strategic picture is one of a mature, asset-heavy utility deepening its existing hydropower base rather than greenfield expansion.

Active Regions

Strategic Focus

Hafslund Kraft AS is focused on maximising value from its established hydropower assets through modernisation, capacity upgrades, and hybridisation with battery storage. The large consumption reservations at Aurland and Usta point to interest in pumped-storage or flexible reversible operations — a strategy well-suited to balancing a grid with growing renewables penetration. The company is consolidating operational ownership of plants previously held by related entities (Hafslund Eco Vannkraft, Opplandskraft) and is not visibly pursuing new asset classes such as wind or solar.

Recent Activity

In August 2026, Hafslund Kraft AS advanced from queue to reserved status for a 59 MW production connection at Usta KRA/TRA (NO5), signalling continued progress on its Numedal/Hallingdal hydropower capacity expansion. One earlier queue position of 85 MW at Hasle TRA (NO1) has been withdrawn, suggesting some rationalisation of its eastern Norway grid access strategy.