STATKRAFT ENERGI AS

Overview

Statkraft Energi AS operates as Norway's largest energy developer, with 26 active concession cases and 17 grid queue positions spanning hydropower upgrades, wind energy, and supporting grid infrastructure. The company's strategy centers on maximizing output from existing hydro assets through rehabilitation and capacity expansion — notably at Noreverkene (226 MW) and Nordkyn wind farm (600 MW) — while securing substantial grid capacity reservations totalling 2,691.7 MW of production and 1,040 MW of consumption. Recent activity shows continued incremental investment in hydropower infrastructure alongside bold new grid queue entries, reflecting Statkraft's role as a long-term, large-scale national energy operator.

Active Regions

Strategic Focus

Statkraft's strategy is firmly anchored in hydropower — both modernising ageing facilities (Kobbelv, Noreverkene, Gresslifoss, Svean) and adding pumped storage capacity (Blåfjell, Kivatn, Mardal) to increase flexibility. In parallel, the company is pursuing large-scale onshore wind in Finnmark (Nordkyn 600 MW, Kjøllefjord 170 MW) as part of Norway's Power and Industry Initiative. The extensive grid queue portfolio — including 900 MW consumption at Rjukan, likely tied to industrial or energy storage use — suggests Statkraft is also positioning to enable large energy-intensive offtake or storage at existing hydro sites, leveraging their existing grid connections and water management infrastructure.

Recent Activity

In the past 30 days, Statkraft has been highly active on multiple fronts. A new 210 MW production project was added to the grid queue at Åsen transformatorstasjon (August 2026). Three new grid concession applications were filed: a facility concession and provisional power supply application for the Kjensvatn sluice gate (July 2026), a new 22 kV production line in Ytre Ålvik (July 2026), and a grid connection for minimum water flow release at Skjomen hydropower plant in Narvik (May–June 2026). Additionally, an electrical connection application for a drainage gate at Målsetvatn was submitted. This flurry of grid infrastructure applications reflects ongoing investment in hydropower operational integrity and regulatory compliance across Statkraft's extensive facility portfolio.