The four Norwegian energy companies Statkraft, NTE, Agder Energi, and TrønderEnergi have signed a letter of intent to establish a joint venture to develop and operate Storheia, Kvenndalsfjellet and Roan, three of nine licensed wind energy projects on the coast of the Trøndelag counties.
The parties are now initiating talks with the aim of establishing a joint venture, which will own the three wind farms. The total installed capacity will be more than 600MW, and an investment decision for the three farms will contribute to Statnett’s decision to build a new national grid line from Namsos to Storheia. Statkraft will own 50.1 per cent of the new wind power joint venture, with Agder Energi owning 20.9 per cent and NTE and TrønderEnergi with a 14.5 per cent ownership stake each. The parties have also agreed that Statkraft will be responsible for the engineering, development and operation of the wind farms on behalf of the joint venture company. The parties are aiming for an investment decision for the development of the three projects during the first half of 2015. The total investment requirement for the three projects is approx. NOK 7 billion.