The six onshore wind farms of the Fosen Vind Project will be located on the Fosen peninsula north of Trondheim, on the island Hitra and in Snillfjord, in a coastal area providing some of the best conditions for renewable energy production in Europe. The project includes the Harbaksfjellet, Roan, Storheia and Kvenndalsfjellet wind farms north of the Trondheim fjord, and the Geitfjellet and Hitra 2 wind farms south of the Trondheim fjord.
Construction of the project will commence in Q2 2016 with the first delivery of turbines scheduled for 2018. Once completed and commissioned in 2020, the wind farms will have a combined capacity of 1,000 MW and generate 3.4 TWh power annually – enough energy to meet the electricity needs of around 170,000 Norwegian households with an average annual energy consumption of 20,000 kWh.
The wind farms will be owned by the joint venture company Fosen Vind DA. Statkraft will have a 52.1 per cent ownership interest in the company, along with the responsibility for the project execution in the construction phase. TrønderEnergi will have an ownership stake of 7.9 per cent, and Nordic Wind Power DA has acquired the remaining 40.0 per cent from Agder Energi, TrønderEnergi and NTE.
The total investment in the wind farms amounts to approximately €1.1bn.