84 GWh pumped storage project planned for Norway
The Illvatn pumped storage project, with an estimated price tag of NOK1.2 billion (US$113 million), is expected to begin construction
In January 2024 Europe's largest provider of renewable energy, a Norwegian state owned energy company, announced that they will invest up to EUR1 billion in wind power in Norway over the next decade. 1 That includes both the upgrading of existing wind farms and development of new onshore and offshore wind farms.
The country's geographical features, including its windy coastline and vast mountainous regions, offer favorable conditions for wind energy production. Norway has been actively investing in renewable energy projects, aiming to mitigate climate change.
This commitment has led to the establishment of numerous wind farms across the country, contributing to the growth of the industry. According to figures from NVE (Norway's Water and Electricity Authority), there were 1,392 wind turbines in operation at the start of 2023, spread across 65 windfarms.
(Photo: Narrativ/Hydro) Norsk Hydro, a Norwegian aluminum and renewable energy company, is planning a 84 GWh pumped storage project in Luster Municipality, Norway. The Illvatn project, with an estimated price tag of NOK1.2 billion (US$113 million), is expected to begin construction in 2025, targeting 2028 or 2029 for full operation.
PDF version includes complete article with source references.
Get technical specifications, application guides, and ROI analysis tools for containerized microgrid solutions, mobile energy storage containers, and portable power systems.
15 Industrialna Street, Włochy District
Warsaw, Poland 02-492
Sales & General: +48 22 824 4067
Technical Support: +48 607 809 270
Monday - Friday: 8:00 AM - 6:00 PM CET
Saturday: 8:00 AM - 2:00 PM CET