Statkraft, Credit Suisse Fund to Invest $1.2 Billion in Wind
- Partners plan biggest onshore wind power project in Europe
- Secured power contract from aluminum company Norsk Hydro
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Statkraft AS and partners including a Credit Suisse-backed fund will invest 1.1 billion euros ($1.2 billion) in wind-power in central Norway, reviving a project after bringing down costs and boosting capacity.
Together with investment company Nordic Wind Power DA and utility Troenderenergi AS, Statkraft plans to build six wind farms in mid-Norway by 2020 with a combined capacity of 1,000 megawatts, the company said Tuesday in a statement. Statkraft will own 52.1 percent, while Nordic Wind, a company backed by Credit Suisse Energy Infrastructure Partners, will hold 40 percent.