Europe's largest onshore wind farm with 278 wind turbines will be built in central Norway. A consortium led by Statkraft will invest about 11 billion NOK in six wind farms totalling 1,000 MW, more than the current total installed capacity of wind power in Norway. The construction will begin in spring 2016 and the wind farms are planned to be commissioned in 2020.
The wind farms will be built on the Fosen peninsula, the island of Hitra and in Snillfjord, in a coastal area providing some of the best conditions for wind power production in Europe. Once completed and commissioned in 2020, the wind farms will generate 3.4 TWh power annually. The project is led by Statkraft (52.1%) with TrønderEnergi (7.9%) and a Swiss bank consortium (40%) as co-investors.
In parallel with the investment of new wind farms, the state-owned power grid company Statnett will invest some 2.9 to 3.7 billion Norwegian crowns on expanding the transmission grid.