NORWEA

26. oktober 2017 - 12:40

Kvitfjell and Raudfjell projects reach final investment decision

Prime Capital have taken the investment decision on the Kvitfjell and Raudfjell projects in Tromsø county in Troms. NORWEA congratulate all partners in the project on a great achievement. The combined project will have a total installed capacity of 281,4 MW

The buyers of the project are the German pension fund ÄVWL and Siemen Project Ventures. Alcoa Norway have signed a PPA agreement, marking another milestone for Norwegian wind power: This will be the second time Norwegian wind power will serve Norwegian power intensive industry. Norwegian wind power will now help both Norsk Hydro and Alcoa make some of, if not the most environmentally friendly aluminium in the world.

The project consists of the Kvitfjell site with a licensed capacity of 200 MW and the neighbouring Raudfjell 100 MW license. The combined 281 MW capacity of the final project makes it the second largest project – in terms of capacity - in the current Norwegian wind power project portfolio, second only to Storheia (288 MW) in the Fosen cluster.

  • At long last. It has been a long road since the final license was given at the Kvitfjell site in 2001. A lot of work has been put in by a lot of motivated people, through final license for Raudfjell only two years ago, and to today’s great news, says NORWEA CEO Øyvind Isachsen

With this decision, the Norwegian wind power portfolio has reached a total capacity of 2780 MW, with 1 700 MW of these either under construction or with a final investment decision. In contrast, the total installed capacity in Norway by 01.01.2017 was 840 MW.

4,2 MW turbines

The wind power project will be built using Siemens Gamesa's new 4,2 MW DD 130 turbine. The 4,2 MW turbines will be the highest capacity turbines ever to be erected in Norway, together with Fortum’s Sørfjord-project.

  • We are moving forward with seemingly great speed now, but these are processes that have taken a long time to mature. This means that with the rapid technical developments we see in wind power, the investment proposition on these sites are improving as we are working with them, says Isachsen
  • It is a privilege to be part of a sector that is being driven forward by technical innovations that are happening at a pace which is, to be frank, even higher than even I believed possible only a few years ago, continues Isacshen.

NORWEA’s guiding is for Norwegian wind power to reach a total installed capacity of around 3,5 GW within the certificate market. This corresponds to a total energy production in a normal year of around 12 TWh by year 2020.

 

For questions or further comments, contact Special Advisor Andreas T. Aasheim

Tel. +47 959 35 890
e-mail: aasheim@norwea.no

Tilbake

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Norwea er en interesse- og lobbyorganisasjon som jobber for å fremme norsk fornybar energiproduksjon. Norwea  arbeider for å skape og opprettholde et modent og langsiktig vindkraftmarked i Norge. Vi arbeider også for en langsiktig utvikling av marin fornybar energiproduksjon som utover offshore vindkraft, inkluderer energiformer som bølge- og tidevannskraft. Les mer om Norwea...

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