Statkraft Seeks NOK 67B Norwegian Renewable Push with Hitra Wind Farm Repowering
Event summary
- Statkraft applies for licence to repower Hitra wind farm, first such application in Norway.
- NOK 67B investment planned for hydropower and wind power upgrades in Norway.
- Repowered Hitra 1 will double output to 250 GWh/year with 12–15 turbines (down from 24).
- Project expected to generate NOK 15M in annual revenues for Hitra municipality.
- Public consultation for licence and zoning plan proposal anticipated this summer.
The big picture
Statkraft's repowering initiative reflects the urgent need for scalable wind solutions in Norway's energy transition. With hydropower upgrades already underway, the company is positioning wind as the key technology for rapid electricity generation expansion. The NOK 67B investment underscores the strategic importance of modernizing existing renewable infrastructure to meet growing demand.
What we're watching
- Regulatory Timing
- Whether NVE and Hitra municipality can process applications in parallel without delays.
- Community Acceptance
- How local support for a third wind power development affects project momentum.
- Execution Efficiency
- The pace at which Statkraft can repower other aging wind farms in its portfolio.
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