SMÅKRAFT AS

Overview

Småkraft AS focuses exclusively on small-scale hydropower development, with 22 concession cases and 15 active grid queue positions totalling over 111 MW of queued production capacity. The company operates across multiple price zones (NO1–NO5) with a strong concentration in Vestland and western Norway, alongside projects in Nordland and Troms. Their strategy centres on developing numerous small run-of-river plants (typically 2–10 MW each) and aggregating them into a sizeable national portfolio.

Active Regions

Strategic Focus

Småkraft AS is a pure-play small hydropower developer, aggregating a large number of run-of-river plants (typically 2–10 MW) across Norway's west coast and northern counties. The company's strategy involves building a diversified portfolio of small hydro assets spread across multiple grid zones, reducing exposure to any single location or permitting risk. The absence of any wind, solar, or other asset types confirms a deliberate specialisation in hydropower.

Recent Activity

In June–July 2026, Småkraft AS achieved significant grid progress with four queue positions advancing to 'Reserved' status: a 15 MW connection at Dale TRA (NO5) in July, and three connections totalling 30 MW at Mauranger KRA/TRA and Haugsvær transformatorstasjon (NO5) in June. This represents 45 MW of projects moving closer to grid connection approval within a single month, signalling an active phase of portfolio maturation.