Statkraft joins ranks of the wind giants with acquisition of Swedish players - Recharge
Statkraft joins ranks of the wind giants with acquisition of Swedish players | Recharge
Statkraft, already Europe’s largest renewable energy producer thanks to its vast hydro-power assets, has acquired two project developers with massive onshore and offshore pipelines in Sweden – turning the Norwegian state-owned utility into a wind power giant.
The developers – Svevind Nordic and Njordr Offshore Wind – have a development pipeline of 16GW (on land) and 21GW (at sea) respectively.
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.