Sira Kvina kraftselskap

What Sira Kvina kraftselskap does

Sira-Kvina kraftselskap DA is a Norwegian hydroelectric power producer founded on October 4, 1963, and headquartered in Tonstad, Sirdal municipality, Agder county. The company operates eight hydroelectric power plants — Tonstad, Åna-Sira, Tjørhom, Solhom, Roskrepp, Kvinen, Duge, and Rafoss — with a combined installed capacity of 1,770 MW, representing approximately 6.5% of Norway's total installed generation capacity. Annual production is approximately 6,800 GWh, equivalent to roughly 5% of Norway's total electricity consumption. The system is supported by major reservoirs including Svartevatn, Roskreppfjorden, Blåsjø, and Vatnedalsdammen, which together with neighboring assets in the 'cable corner' provide over 15 TWh of water storage — about one-quarter of Norway's total reservoir capacity, effectively functioning as 'green batteries' for the Nordic and European power markets.

The company generates electricity using Francis turbines and reversible pump turbines (notably at Duge kraftverk, which can pump water back into storage during low-price periods) and dispatches power into the Norwegian national grid via Statnett, the state transmission system operator, and onward to European markets through interconnectors. Revenue is derived primarily from wholesale power sales (spot and contract) and grid balancing services. The company also supplies concessionary (reduced-rate) power to local municipalities and industrial customers such as Øye smelteverk and Lista smelteverk, and distributes over NOK 200 million annually to local communities in compensation, concession fees, and taxes. The company employs approximately 110 people, most based in Sirdal. Its newest plant, Rafoss kraftverk (~35 GWh/year), opened in 2022 with Norway's first integrated salmon ladder, and the company is publicly evaluating pumped-storage expansion at Tjørhom and transformer upgrades at Tonstad.

Name

Sira Kvina kraftselskap

Legal name

Sira Kvina kraftselskap DA

Website

https://sirakvina.no

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

Sira-Kvina kraftselskap DA is a Norwegian hydroelectric power producer operating eight plants with 1,770 MW capacity, generating ~5% of Norway's electricity and managing ~15 TWh of reservoir storage, supplying the national grid via Statnett and concessionary power to local industry.

Ownership category

akta.pro rank

Product category

Hydroelectric Power Generation

NAICS

Hydroelectric Power Generation (221111), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Electric Services (4911)

akta.pro primary industry

Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

akta.pro secondary industries

Pumped Storage Hydropower (PSH) (New Build, Expansion, Conversions) (EUAMADAJ), Hydropower Turbines & Electro-Mechanical Equipment (Turbines, Generators, Governors) (EUAMADAC)

Keywords

• Hydroelectric power generation
• Renewable energy production
• Grid balancing services
• Water reservoir management
• Concessionary power supply

Headquarters

HQ city

Tonstad

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Wholesale electricity generation and grid dispatch: Sira-Kvina generates hydroelectric electricity and sells it into the Norwegian and Nordic power market. Revenue is derived from power generation sold at spot and contract prices, dispatch to the grid, and balancing services. The company is a significant national power supplier producing approximately 5% of Norway's electricity consumption.
2. Balancing and grid stability services: Due to large storage capacity, Sira-Kvina provides balancing services to the power grid, delivering power at times of high demand, especially winter months.
3. Concessionary power supply: Sira-Kvina supplies concessionary (reduced-rate) power to municipalities and industrial customers in the region, including Øye smelteverk and Lista smelteverk.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sira-Kvina kraftselskap is a hydroelectric power generation company that operates 8 power plants with a combined installed capacity of 1,770 MW, producing approximately 6,800 GWh annually (about 5% of Norway's electricity consumption). The company manages large water reservoirs with combined storage exceeding 15 TWh (~1/4 of Norway's total storage capacity), generating dispatchable renewable power sold to Statnett and the Nordic power market, and providing grid balancing services especially during winter peak demand. Concessionary power is also supplied to local municipalities and industrial customers.

Product overview

Sira-Kvina kraftselskap operates as a unified hydroelectric power production system consisting of eight power plants with a combined installed capacity of 1,770 MW, representing 6.5% of Norway's total installed capacity. The portfolio includes Tonstad kraftverk (960 MW, Norway's most productive), Åna-Sira (150 MW), Tjørhom, Duge (with reversible pump-turbines for energy storage), Roskrepp, Kvinen, Solhom, and Rafoss (35 GWh with integrated salmon ladder). The system is supported by major water reservoirs including Svartevatn, Roskreppfjorden, Blåsjø, and Vatnedalsdammen, which together constitute approximately 25% of Norway's total reservoir capacity (~15 TWh), functioning as 'green batteries' for the Nordic and European energy market.

Differentiator

Problem solved

Functional benefit

Products and services

• Tonstad kraftverk Norway's most productive hydroelectric power plant with installed capacity of 960 MW and annual production of 3,800 GWh. Features five turbines, with the fifth unit (320 MW) added in 1988. At full capacity, 80,000 liters of water flow through per second per machine.
• Åna-Sira kraftverk Coastal hydroelectric plant utilizing a 48-meter fall from Lundevatn and Sirdalsvatn. Contains three Francis turbines each providing 50 MW.
• Tjørhom kraftverk Power plant utilizing the fall between Gravatn reservoir and Tjørhom intake, operational since 1973.
• Duge kraftverk Power plant with reversible pump-turbines completed in 1979. Can pump water back to storage during periods of good capacity, large inflow, and low prices, storing energy for later generation during peak demand.
• Roskrepp kraftverk Power plant utilizing the fall between Roskreppfjorden and Øyarvatn, operational since 1980.
• Kvinen kraftverk Power plant utilizing the fall between Øyarvatn and Kvifjorden, operational since 1981.
• Solhom kraftverk Power plant at dam Nesjen utilizing a 215-meter fall from Kvifjorden to Homstølvatn, operational since 1974.
• Rafoss kraftverk Newest power plant (8th in the system) producing approximately 35 GWh annually, with an integrated salmon ladder — the first such integrated solution in Norway — designed to support salmon restoration in the Kvina river system.
• Water Reservoirs (Magasiner) Large water storage reservoirs including Svartevatn (HRV: 899.0 masl, LRV: 780.0 masl), Roskreppfjorden (HRV: 929.0 masl, LRV: 890.0 masl), Blåsjø, and Vatnedalsdammen. These function as 'green batteries' for Norway and Europe, storing over 15 TWh energy capacity — approximately 1/4 of Norway's total storage capacity.
• Øksendalsoverføringen Tunnel A 6 km long water transfer tunnel that collects water from three stream intakes in the mountain area between Ovedal and Øksendal, directing it into the intake tunnels of Tonstad power station for hydroelectric generation.

Quantifiable outcome

• Produces approximately 5% of Norway's total electricity consumption annually (6,800 GWh)
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• StatnettcoreTechnology or IntegrationStatnett is the Norwegian transmission system operator (TSO) responsible for the main power grid. Sira-Kvina cooperates closely with Statnett for grid operations, delivering dispatchable power and balancing services into the national grid. This is a critical operational partnership for Norway's power supply.
• BKK / EvinyminorStrategic or Co-development PartnerSira-Kvina collaborates with BKK/Eviny on SF6 (sulfur hexafluoride) gas installations and management. Sira-Kvina has developed recognized expertise in SF6 handling and shares knowledge and experience with BKK/Eviny through this collaboration.
• StatnettcoreTechnology or IntegrationSira-Kvina cooperates closely with Statnett on SF6 gas management in power installations, sharing expertise and experience as part of the Norwegian power sector.
• Miljødirektoratet (Norwegian Environment Agency)minorStrategic or Co-development PartnerSira-Kvina co-finances the Renewable Reindeer research project with Miljødirektoratet, NVE, and Villreinprosjektet i Setesdalsheiene to research and improve habitat conditions for wild reindeer populations affected by water regulation.
• NVE (Norges vassdrags- og energidirektorat)minorStrategic or Co-development PartnerNVE is the Norwegian Water Resources and Energy Directorate. Sira-Kvina co-finances the Renewable Reindeer research project with NVE, Miljødirektoratet, and Villreinprosjektet i Setesdalsheiene.
• Villreinprosjektet i SetesdalsheieneminorStrategic or Co-development PartnerCo-finances the Renewable Reindeer research project aimed at improving habitat conditions for wild reindeer in the Setesdal moors region.
• NTNU / HydroCenminorStrategic or Co-development PartnerResearchers at NTNU and HydroCen (Norwegian University of Science and Technology's Research Centre for Hydropower) collaborate with Sira-Kvina to study the intake tunnel at Roskrepp reservoir to assess rock mass stress, longevity, and wear.

Scale indicators8 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Lyse Energi: Norwegian energy group headquartered in Stavanger, owner of small and large hydro plants in Rogaland/Sørvestlandet. Direct regional neighbor of Sira-Kvina, operating an analogous publicly-influenced hydro portfolio for southwestern Norway.
• Statkraft: Norway's largest state-owned power producer and Europe's largest generator of renewable energy, with a hydro-dominated portfolio. Statkraft is explicitly mentioned as a co-manager of the 'cable corner' reservoir area with Sira-Kvina, with directly comparable hydro storage, dispatch assets, and Statnett-driven grid services.
• BKK / Eviny: Norwegian utility combining former BKK and Eviny businesses, with a substantial hydropower portfolio in western Norway. Sira-Kvina has an active collaboration with BKK/Eviny on SF6 gas management, evidencing shared operational practices and technical profile as hydro peers.
• Agder Energi: Regional Norwegian power company owning hydropower assets in the Agder region, including joint reservoir ownership with Sira-Kvina (Blåsjø, Vatnedalsdammen). Operates comparable hydro generation and grid balancing services in the same southwestern Norwegian market.

Broad incumbents

• EDF: French state-owned utility with one of Europe's largest hydropower portfolios, including pumped storage. Comparable on large-scale hydro generation, dispatchable balancing, and concession-style regulatory structures across Europe.
• Iberdrola: Spanish-owned global renewables leader with extensive hydroelectric and pumped storage operations across Europe and the Americas. Industry benchmark for scaling hydro and storage capacity as a grid balancing asset.
• Fortum: Finnish state-controlled utility with a sizable hydro and nuclear generation portfolio in the Nordics. Provides comparable dispatchable low-carbon generation and balancing services to the same Nordic/European power market.
• Vattenfall: Swedish state-owned utility with significant hydro operations across the Nordics. Operates dispatchable large-scale hydro with grid balancing services analogous to Sira-Kvina, though across a much broader European portfolio.
• Hafslund: One of Norway's largest power groups, with extensive hydropower assets in eastern Norway. Comparable as a large Norwegian hydro utility, though specializing in different catchment regions and serving overlapping end markets via the same Nordic grid.

Others

• Norsk Hydro: Norwegian industrial conglomerate that historically owns and operates hydropower assets for own-load industrial supply. Comparable to Sira-Kvina only in the sense of Norwegian hydropower ownership with industrial concessionary customers (e.g., Øye smelteverk).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/SiraKvinaK
• Facebookfacebook.com/SiraKvina
• LinkedInlinkedin.com/company/sirakvinakraftselskap

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sira Kvina kraftselskap