One of the most important elements for energy companies to achieve success in the sector is ensuring that they have a worldwide presence where they are able to work on and execute multiple projects simultaneously. In most instances, it is the countries perceived as pioneers or leaders in the execution of certain initiatives that end up expanding their presence and featuring in a multitude of countries. For instance, with China being the leading solar energy-producing country in the world, its companies have an ideal platform to pursue worldwide initiatives. In the latest display of international projects, Statkraft expanded its renewable energy footprint in Peru with the 72 MW Emma wind farm.
A general overview of Statkraft as a leading energy industry pioneer
Statkraft is a Norwegian state-owned energy company that was founded in 1895. The company has found a way to maintain relevance throughout many decades because it is backed by the government. Although Norway is not the leading wind energy-producing country in Europe, Statkraft is still the largest renewable energy producer in Europe.
The global entity has developed a good reputation as it operates over 360 power plants with an installed capacity of approximately 19,300 MW, generating about 72.1 TWh of power per year from hydro, wind, and solar. The company is the largest producer of hydropower in Europe, and the largest owner and operator of wind assets in the Nordics.
The energy industry has evolved to where companies that offer energy projects in a variety of energy sources are likely to receive more opportunities to bring the projects to life. This explains why the newest companies are presenting themselves as multifaceted companies rather than ones focused on a single energy source.
Statkraft maintains momentum expanding its renewable energy footprint in Peru
Statkraft left the energy industry captivated once again after revealing that it is expanding its renewable energy portfolio in Peru with the construction of the high-performing 72 MW Emma wind project in Piura. The project represents Statkraft’s first investment in wind power in the country and enhances the entity’s position as a multifaceted renewable energy producer in Peru.
Piura is situated in northern Peru and benefits from strong and stable wind conditions. Wind projects are challenging for developers because there is no guaranteed way to ensure consistent wind availability throughout the year, which means choosing the location where a facility will be built is highly important.
According to reports, the Piura-based project is set to have an annual energy production of 325 GWh and reach capacity factors of above 50%. This means it will comfortably be among high-performing wind projects and contribute to the competitive renewable energy supply for customers in the Peruvian market.
Breaking down the overall impact of the established Emma wind project
Statkraft has taken yet another step toward investing 100% of its growth into renewable technologies. Fernando de Lapuerta, Executive Vice President International at Statkraft, stated the following:
“The Emma wind project has a great potential, and it will create long term financial value for Statkraft. It is an important step in Statkraft’s international growth strategy and in our ambition to build scale in selected markets. Peru has strong renewable resources and growing demand for reliable, competitive and clean energy.”
Looking ahead: Is Statkraft set to continue expanding internationally?
One of the most standout benefits of the project for Statkraft is that it adds wind power to its established hydropower portfolio in Peru and its ever-growing solar energy pipeline, inclusive of the Lupi solar project in Moquegua.
The Norway-based company has solidified its relationship with Peru and will be able to generate revenue from its projects there.
It is a massive achievement for Statkraft, headquartered in Oslo, Norway to find itself at the heart of such an initiative. The company employs roughly 7,000 people across more than 20 countries, but the more it continues to expand, the higher the number of its employees will become.
Prince is a versatile writer focused on energy, automotive, environmental, and general news topics. He makes complex technical and policy issues clear, engaging, and accessible for a broad audience.
