EnergyWatch

Fosen Vind's value fell nearly EUR 135m prior to commissioning

Despite the fact that the full Fosen Vind complex isn't expected to enter commercial operation until later this year, Statkraft and Trønderenergi impair the value of Europe's largest onshore wind project by NOK 1.4 billion due to low power prices. Combined, the two companies own 60 percent of Fosen Vind.

Photo from Geitfjellet two weeks ago, when Fosen Vind's final turbine was installed. | Photo: PR / Fosen Vind

The value of most things drops as soon the packaging's breached and the object used. In most cases, for instance, a new car declines in value by nearly 20 percent after one year.

But that's nothing compared to the loss incurred by Europe's largest onshore wind complex, the 1,057-MW Fosen Vind project in Norway. Although the final turbine was installed only two weeks ago, and several tests still need to be run prior to commissioning later in the fall, the project's worth has declined by NOK 1.413 billion (EUR 134.9 million).

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