Statkraft celebrates 120 years anniversary


Written by:

Norwegian energy company Statkraft celebrated its 120 year anniversary during an event at the Museu de Arte Moderna (MAM) in Rio de Janeiro on November 18, 2015.

The Norwegian Deputy Minister of Energy and Petroleum, Kjell-Børge Freiberg, Norway´s Consul General in Rio de Janeiro, Sissel Hodne Steen, the chairman of Innovation Norway, Per Otto Dyb and several NBCC board members were among the many distinguished guests present at the celebration. Similar events have also taken place in the Oslo Opera House and in other countries where Statkraft is present earlier this year.

«As an international company of considerable importance as a global player we wanted to celebrate this anniversary properly, invite clients and business partners and use the occasion to promote our company and our brand», Executive Vice President and Head of International Hydropower Asbjørn Grundt explains in this interview.

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. Earlier this year, Statkraft became the majority owner of former Desenvix, now Statkraft Energias Renováveis, which owns and operates hydro and wind power plants in Brazil. According to Asbjørn Grundt, Brazil is a very exciting country for Statkraft. This has to do with the dynamics in the market and the fact that the medium and long-term power demand outlook in Brazil indicated that the expansion of generation capacity is required.

«Going forward, Brazil will surely be one of the most important markets for Statkraft», Mr. Grundt said in an address to the guests at the celebration at MAM on November 18, 2015.

Statkraft’s ambition in Brazil is to combine its local experience in the Brazilian market and Statkraft’s core competence in power generation and market operations. Currently, the company has 12 power plants and 316 MW installed capacity in Brazil, 188 MW hydropower and 128 MW wind power. The annual assured generation is 1480 GWh. The head office and asset management is located in Florianopolis, while the trading & origination office is located in Rio de Janeiro.

Executive Vice President and Head of International Hydropower Asbjørn Grundt.Executive Vice President and Head of International Hydropower Asbjørn Grundt.«Statkraft has the experience and the resources, we understand the dynamics of the market and we are always looking for ways to optimize production. After the acquisition of Desenvix, we now have 450 employees in Brazil and at this point we are still working on integrating the experience and the people of Desenvix into the Statkraft organization. It is too early to make big declarations, but even though we take a humble approach to the local organization, Statkraft believes that operations can be optimized here in Brazil as well», Mr. Grundt says.

The combination of hydropower and wind power makes Brazil especially attractive to Statkraft. In Bahia, Statkraft owns a wind park complex located in the municipality of Brotas de Macaúbas. The complex consists of three separate wind parks of 30 MW each. In Aracajú in the state of Sergipe, Statkraft owns the Barra dos Coqueiros Wind Farm.

The fact that there are several Norwegian companies present in Brazil, makes it easier to do business here, Mr. Grundt says.

«Here we find lawyers that speak both Portuguese and Norwegian and other companies with whom we can exchange experiences on topics like safety, anti corruption work and taxes, topics that concern most foreign companies when going abroad.»


By Runa Hestmann, NBCC journalist








  • Statkraft subsidiary SN Power opened a local office for business development in 2008 and participated in several M&A processes.
  • SN Power is a 50/50 partnership between Statkraft and Norfund.



  • Breakthrough in 2011 when SN Power acquired the Enerpar energy contract portfolio from Norske Skog in Brazil.
  • In 2012 SN Power acquired 40.65% of Desenvix, a Brazilian power company with assets in hydro,wind power and biomass.
  • SN Power started Trading & Origination activities.
  • In late 2013 Statkraft and Norfund agreed to restructure SN Power and as a result SN Power’s South-American and South-Asian assets were operationally integrated with Statkraft in 2014.


2015 –

  • In July 2015, Statkraft acquired the remaining 40.65% of the shares in Desenvix from the Jackson Group. Statkraft now owns 81.3% of the company and has controlling interest. The Brazilian pension fund FUNCEF remains in the partnership owning 18.7% of the company.
  • After closing the transaction, Desenvix was merged with Statkraft’s country organization and the name was changed to Statkraft Energias Renováveis S.A..  The process of integrating the new company with the Statkraft group has started.



Source: Statkraft