Hennoy Wind Farm, Norway

Hennoy Wind Farm is a 50.4MW onshore wind power project. It is located in Vestland, Norway. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2019.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	50.4	50.4	–	Active	Vestland, Norway	Falck Renewables Vind

Description

The project was developed by Falck Renewables Vind. Falck Renewables Vind and Svelgen Kraft Holding are currently owning the project having ownership stake of 80% and 20% respectively.

The project generates 170GWh electricity and supplies enough clean energy to power 8,700 households. The project cost is $88.2m.

The Tubular Steel towers installed at the project site are 82m high.

Development Status

The project is currently active. The project got commissioned in December 2019.

Contractors Involved

Vestas Wind Systems was selected to render EPC services for the wind power project.

Vestas Wind Systems was selected as the turbine supplier for the wind power project. The company provided 12 units of V136-4.2 MW turbines, each with 4.2MW nameplate capacity.

Vestas Wind Systems is the O&M contractor for the wind power project for a period of 15 years.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.