Statkraft halts wind power projects in Norway

Oslo - Statkraft has decided not to invest in the Fosen and Snillfjord projects in Central Norway.

Lower power and electricity certificate prices in the Nordic region have made the projects unprofitable.

Power prices in the Nordic power market are relatively low. A growing power surplus and continued moderate demand for electricity have reduced the long-term price ex-pectations. Updated analyses therefore show that the projects in central Norway will not be profitable.

Source: IWR Online, Jun 06 2015