What Norsk Vind AS does

Norsk Vind AS is a Norwegian onshore wind power developer headquartered in Stavanger that identifies, develops, permits, builds, and operates wind farms. Founded in 1995/1996, the company has brought eight wind farms online with a combined installed capacity of 744 MW across 210 turbines, producing approximately 2,573 GWh per year — enough to power around 160,800 Norwegian households. Six wind farms remain in the operating portfolio (Bjerkreim Søndre Klynge, Egersund, Høg-Jæren, Måkaknuten, plus Tellenes and Røyrmyra which were divested to BlackRock in 2016 and Cloudberry in 2019 respectively), and seven projects are in development (Modalen, Honna, Bergeheia, Lanner, Moldalsknuten, Støleheia Sør, and an expansion of Måkaknuten), adding approximately 1,572 MW of planned capacity.

The business model is project development with revenue primarily from electricity sales into Norway's Nord Pool power market and from long-term corporate power purchase agreements (notably a 12-year Google PPA covering the entire Tellenes output before its 2016 sale to BlackRock). The company monetizes the social-license-to-operate gap through community benefit mechanisms: host municipalities receive approximately NOK 900,000 per turbine annually in property tax and production fees (totaling roughly NOK 100 million per year across the portfolio), and landowners hosting turbines receive recurring lease income. Its go-to-market is enterprise field sales targeting Norwegian municipalities for development rights, with sales cycles of multiple years driven by NVE permitting and community engagement. Auxiliary offerings include an ice-throw warning service (iskastvarsel) and a local community benefits program (ringvirkninger).

Norsk Vind's core technology is conventional onshore wind generation using Siemens Gamesa, Senvion, and Vestas turbines, supplemented by in-house environmental and noise analysis, 3D visibility modeling, and a research-grade 12-year ornithological monitoring program (Fuglevennlig vindkraft) conducted with Ecofact, NMBU, NINA, and AI VISIONS. The company is privately held, with Valinor — a Norwegian green-profile investment company — as its primary owner.

Name

Norsk Vind AS

Legal name

Norsk Vind AS

Website

https://vind.no

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Norsk Vind AS is a Stavanger-based Norwegian onshore wind power developer and operator with 25 years of experience. It runs eight wind farms totaling 744 MW and has approximately 1,572 MW of additional capacity in development, selling electricity to the Nord Pool grid and corporate buyers.

Ownership category

akta.pro rank

Product category

Onshore Wind Power Generation

NAICS

Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)

Keywords

• Onshore wind power
• Wind farm development
• Renewable energy generation
• Power purchase agreements
• Wind power operations

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Electricity sales: Norsk Vind develops, builds, and operates onshore wind farms. Revenue comes from selling electricity generated by wind turbines to the power grid, utilities, and corporate power purchase agreement (PPA) customers like Google.
2. Municipal revenues: Host municipalities receive approximately NOK 900,000 per turbine annually through property tax (eiendomsskatt) and production fee (produksjonsavgift). Norsk Vind pays these taxes/fees, creating significant local government income streams.
3. Landowner payments: Payments to landowners who host turbines on their property. Provides economic stability and enables investment in farm operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Norsk Vind AS develops, builds, owns, and operates onshore wind farms in Norway, currently running eight wind farms with 210 turbines, 744 MW installed capacity, and 2,573 GWh annual production. The company covers the full project lifecycle from site identification, permitting, and environmental assessment through construction to long-term operations, selling electricity to the grid and corporate off-takers via power purchase agreements.

Product overview

Norsk Vind AS operates as a wind power developer offering a portfolio of on-land wind farm products across the full project lifecycle. The portfolio consists of two distinct tiers: (1) six operating wind farms — Bjerkreim Søndre Klynge (301 MW, 70 turbines), Egersund (112 MW, 33 turbines), Høg-Jæren (73.6 MW, 32 turbines), Måkaknuten (94.6 MW, 22 turbines), Røyrmyra (2.4 MW, 3 turbines), and Tellenes (160 MW, 50 turbines) — delivering a combined 744 MW installed capacity and 2,573 GWh annual production across 210 turbines; and (2) seven development-stage projects — Modalen (682 MW planned), Bergeheia (300 MW), Honna (400 MW), Lanner (55 MW), Utvidelse Måkaknuten (60 MW), Moldalsknuten (40 MW), and Støleheia Sør (35 MW) — representing approximately 1,572 MW of additional planned capacity. The company also provides complementary add-on services including local community benefit programs (ringvirkninger) delivering annual municipal revenues of ~NOK 100 million, and an ice throw warning service (iskastvarsel) for public safety at operating sites. The eight operating wind farms collectively power approximately 160,800 Norwegian households.

Differentiator

Problem solved

Functional benefit

Products and services

• Bjerkreim Søndre Klynge vindkraftverk Operating onshore wind farm in Bjerkreim municipality consisting of three wind power plants (Eikeland-Steinsland, Gravdal, and Skinansfjellet) with 70 Siemens Gamesa turbines totaling 301 MW installed capacity and 1,070 GWh annual production, powering approximately 66,000 households.
• Egersund vindkraftverk Operating onshore wind farm in Eigersund municipality comprising 33 Senvion turbines with 112 MW installed capacity producing 395 GWh annually, sufficient to power about 24,000 households.
• Høg-Jæren vindkraftverk Operating onshore wind farm in Hå and Time municipalities, consisting of 32 Siemens turbines with 73.6 MW capacity producing 230 GWh annually, powering about 14,400 households. Won the industry award 'Årets vindkrigar' in 2012, 2013, and 2014.
• Måkaknuten vindkraftverk Operating onshore wind farm in Bjerkreim and Gjesdal municipalities with 22 Siemens Gamesa turbines (4.3 MW each) totaling 94.6 MW capacity, producing 350 GWh annually to power approximately 21,900 households.
• Røyrmyra vindkraftverk Operating onshore wind farm in Hå municipality with 3 turbines (0.8 MW each) totaling 2.4 MW capacity, producing 8 GWh annually and powering about 500 households.
• Tellenes vindkraftverk
• Modalen vindkraftverk
• Bergeheia vindkraftverk
• Honna vindkraftverk
• Lanner vindkraftverk
• Utvidelse av Måkaknuten vindkraftverk Proposed expansion of the existing Måkaknuten wind farm in Gjesdal municipality, with approximately 8 additional turbines and up to 60 MW capacity producing 175 GWh annually, leveraging existing infrastructure.
• Moldalsknuten vindkraftverk Proposed onshore wind farm in Sokndal municipality with 7-8 turbines, 40 MW capacity, and 104 GWh annual production, planned as an extension of the existing Tellenes wind farm. Jointly developed by Norsk Vind and Eviny.
• Støleheia Sør industrikraft Industrial wind power project in Kristiansand municipality with 4-6 turbines totaling 35 MW capacity, producing 117 GWh annually, designed to supply power to adjacent industrial areas and support education and research through 'Prosjekt Springbrett'.
• Iskastvarsel (Ice Throw Warning Service) Publicly accessible warning service for ice throw risk at operating wind farms, providing color-coded alerts (yellow/red) based on weather forecasts from yr.no for a 10-day horizon. Covers Bjerkreim, Måkaknuten, Stigafjellet, and Egersund wind farms.

Quantifiable outcome

• 2,573 GWh annual renewable electricity production
• +4 more outcomes

Named customers7 records

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, major, innovative and supporting.

• EvinycoreStrategic or Co-development PartnerStrategic partnership with Eviny to develop and realize Moldalsknuten wind farm together. Eviny also owns existing Tellenes wind farm. The goal is to develop, build, and operate Moldalsknuten as an extension of Tellenes. If realized, Eviny will take over Norsk Vind's share in the project company.
• GooglemajorOthersGoogle has a 12-year power purchase agreement to buy all electricity production from Tellenes wind farm to supply their European data centers with renewable energy. This is Google's first wind power transaction in Norway and largest renewable transaction in Europe.
• EcofactcoreStrategic or Co-development PartnerEnvironmental research partner conducting bird surveys, GPS tracking of eagle owls, and environmental monitoring at Norsk Vind wind farms since 2007. Collaborates on 12-year monitoring program and WindOwl research project.
• AI VISIONSinnovativeTechnology or IntegrationNorwegian company developing AI-based camera systems to detect birds approaching turbines and potentially stop turbines to prevent bird strikes. Norsk Vind is collaborating on this technology development.
• NMBU (Norwegian University of Life Sciences)coreStrategic or Co-development PartnerAcademic research partner leading WindOwl research project on eagle owl impacts from wind farms. NMBU leads applied quantitative ecology research group (AQEG) conducting GPS monitoring, camera trapping, DNA analysis, and modeling.
• NINA (Norwegian Institute for Nature Research)supportingStrategic or Co-development PartnerResearch partner in large research projects investigating effects of wind farms on birds. Part of AviSite research project on raptors and bird migration.
• NVE (Norwegian Water Resources and Energy Directorate)supportingOthersRegulatory authority overseeing wind power licensing and environmental compliance. Norsk Vind conducts 12-year environmental monitoring program reporting results to NVE annually.
• Siemens Gamesa Renewable EnergycoreOthersLong-term operations and maintenance contract for wind turbines. Siemens Gamesa has multiple permanent technicians stationed in the wind farm areas and provides technical O&M services for turbines.
• University of AgdersupportingStrategic or Co-development PartnerAcademic partner in Støleheia Sør project 'Springbrett' initiative providing research access, practical training placements, and real-time data from wind farm for education and research.
• Miljødirektoratet (Norwegian Environment Agency)supportingOthersGovernment agency participating in research projects on wind farm environmental impacts, particularly regarding birds and biodiversity.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eviny: Norwegian regional energy company and direct partner of Norsk Vind (owns Tellenes, co-developing Moldalsknuten). Operates wind and hydro generation and is a natural comparator for Norwegian onshore wind development and municipal engagement strategy.
• Cloudberry Clean Energy: Nordic renewable energy developer that acquired Norsk Vind's Røyrmyra wind farm in 2019. Operates a portfolio of Norwegian and Nordic wind and hydro assets with a comparable project development and asset rotation approach.
• Arise AB: Swedish onshore wind developer and operator. Comparable as a Nordic-focused wind developer with similar project pipeline-to-operations transition model and exposure to Nordic power markets.
• Statkraft: Norwegian state-owned renewable energy IPP and Europe's largest generator of renewable energy. Directly comparable as a Norwegian-headquartered wind (and hydro) developer/operator with similar permitting expertise, large operational portfolio, and PPA-based revenue model.
• European Energy: Danish renewable energy developer with growing Nordic and European footprint in onshore wind, solar, and Power-to-X. Comparable developer-operator model with multi-GW pipeline and corporate PPA sales focus.
• Zephyr AS: Norwegian power producer focused on onshore wind and small-scale hydro. Comparable as a Norwegian-headquartered onshore wind developer serving the same corporate PPA and merchant Nordic market.
• Eolus Vind: Swedish onshore wind developer with similar project development model — sells projects to long-term owners after permitting and construction. Highly comparable business model across the Nordic market with overlapping customer base among corporate PPA buyers.
• Fred. Olsen Renewables: Norwegian-headquartered developer and operator of onshore and offshore wind farms across the Nordics and internationally. Closest direct Norwegian peer in scale, geographic focus, and project development model.
• OX2: Leading Nordic onshore wind developer with strong Swedish, Norwegian, and Finnish presence. Comparable in project development pipeline scale, asset rotation strategy (develop-build-sell), and Nordic corporate PPA focus.

Broad incumbents

• Å Energi: Major Norwegian vertically-integrated energy company (formerly Agder Energi and Glitre Energi) with significant generation, distribution, and retail operations. Comparable as a large-scale Norwegian renewable energy operator, though broader in scope than Norsk Vind's pure-play wind focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/norsk-vind-as

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Norsk Vind AS