Statkraft takes control of Nordic hydro capacity

13 October 2005 - European power company Statkraft has acquired hydroelectric power stations in Sweden and Finland with an average annual production of around 1.6 TWh.

The transaction of the assets follows an agreement reached earlier in the year between Statkraft and the Sydkraft group, now known as E.ON Sverige. The deal was worth approximately SEK 4.5bn ($573m).

Statkraft has assumed control of over 20 power stations in Sweden with a total average annual production of around 1.3 TWh. In Finland, the company now controls four power stations with an average annual output of 0.3 TWh.

All the power stations previously belonged to Graninge. Statkraft has also assumed the rights to the Graninge name.

Statkraft CEO, Bård Mikkelsen, said: "With this agreement, we gain access to hydroelectric production in Sweden and Finland. This gives us a solid platform for further growth in the Nordic region."

Sponsored by FLSmidth

Related Articles

First Wind wind turbine gearboxes to be rebuilt

First Wind contracted Germany-based Winergy Drive Systems Corp. (WDSC) to rebuild gearboxes for some of the company’s Clipper wind turbines across the U.S.

USVI Tibbar Energy power plant to begin construction

Tibbar Energy USVI has announced that construction will begin in the second quarter of 2015, on a 7-MW anaerobic digestion biogas power plant, which utilizes VIASPACE's Giant King Grass.

Follow Power Engineering on Twitter
Latest News
EDP Renewables wind farm in Maine

Plan to build New England's largest wind farm moving forward

A Texas company is pushing forward with an effort to build a massive wind power project in Ar...
Alamo Solar power project in California

E.ON Solar completes PV project in California

E.ON Solar, a unit of E.ON SE, completed the 20-MW Alamo Solar project in California.

East Kentucky Power Cooperative

East Kentucky Power Cooperative wants to buy lease on 594-MW Bluegrass plant

East Kentucky Power Cooperative applied July 24 with the Kentucky Public Service Commission f...
American Wind Energy Association AWEA 2Q report

AWEA reports U.S. wind industry installed 1,661 MW in the second quarter

The domestic wind industry in the United States installed 1,661 MW in the second quarter of t...
Deepwater offshore wind project Associated Press

Construction begins on nation's first offshore wind farm

Construction has begun off Rhode Island's coast on the nation's first offshore wind farm.

IMP begins construction on first solar facility

American Electric Power’s (AEP) Indiana Michigan Power (IMP) will soon begin construction on ...

Canadian Solar finishes much of 100-MW Ontario power project

Canadian Solar (Nasdaq: CSIQ), said that its subsidiary, Canadian Solar Solutions Inc., subst...

ENEC installs nuclear reactor training simulator

The Emirates Nuclear Energy Corp. (ENEC) installed a second APR-1400 nuclear reactor training...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover1
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

BioSolar's Super Battery Technology Can Significantly Lower the Cost of On-Site Energy Storage

BioSolar's Super Battery Technology Can Significantly Lower the Cost of On-Site Energy ...

Magnum Hunter Resources Schedules Second Quarter 2015 Financial and Operating Results Conference Call

Magnum Hunter Resources Schedules Second Quarter 2015 Financial and Operating Results C...

Scorpio Tankers Inc. Announces an Agreement to Acquire an MR Product Tanker

Scorpio Tankers Inc. Announces an Agreement to Acquire an MR Product Tanker

NW Natural Board of Directors Names David H. Anderson President

NW Natural Board of Directors Names David H. Anderson President

Abakan Acquires 100% Ownership of MesoCoat

Abakan Acquires 100% Ownership of MesoCoat

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>