The Northern Norwegian case «Finnmark County» CEO John Masvik
The sun is back!
Agenda Finnmark Kraft in brife Wind Power in Finnmark Challenges Opportunities
Finnmark Kraft in brife CEO John Masvik CFO Marius Stabell Business Developer Lise M. Heggheim Business Developer Edvard Einarsen
Arctic Wind AS Havøygavlen 100 % owned by Finnmark Kraft 40 MW 16 turbines CEO Egon Leonhardsen
Hamnefjell 120 MW Snefjord 160 MW Båtsfjordfjell 120 MW Falesrassa 180 MW Kvalsund 128 MW License applications Hamnefjell 120 MW (2005) Falesrassa* 180 MW (2011) Kvalsund* 128 MW (2011) Båtsfjordfjell 120 MW (2005) Snefjord 160 MW (2005) Total: 708 MW * In cooperation with Fred Olsen Renewables
Strong regional ties The local industry.... and the county's largest landowner
Finnmarkseiendommen Finnmark represents more than 48,000 square kilometers an area larger than Denmark 96% of the land is owned by Finnmarkseiendommen Finnmark Kraft has an optional land lease agreement with Finnmarkseiendommen 96%
Why Wind Power in Finnmark? Finnmark county consists of large, flat and remote areas with little vegetation New analysis indicates 3.000-3600 full load hours for potential wind power development in Finnmark New analysis pinpoint Finnmark as the best place for wind power in Norway (Kjeller Vindteknikk 2012) Finnmark has about 70% of the land-based wind power potential in Norway
Significant interest to develop wind resources in Finnmark License applications Companies Finnmark Kraft AS Fred Olsen Renewables AS Statkraft Development AS Vindkraft Nord AS Number of license applications 4 3 1 1 Installed capacity 580 MW 328 MW 110 MW 10 MW Relative share of installed capacity 56 % 32 % 11 % 1 % Total 9 1028 MW 100,0 % Notifications Source: NVE (Jan 2012) Companies Number of notifications Installed capacity Relative share of installed capacity Statkraft Development AS Norsk Miljøkraft AS Troms Kraft Produksjon AS 2 2 1 783 MW 440 MW 60 MW 61.0 % 34.3 % 4.7 % Total 5 1283 MW 100,0 % Source: NVE (Jan 2012)
Planned Wind farms Sørøya 10 MW Hammerfest 110 MW Havøygavlen 40 MW Snefjord 160 MW Falesrassa 180 MW Skjøtningberg 400 MW Kjøllefjord 40 MW Nordkyn 750 MW Digermulen 100 MW Laksefjord 100 MW Laukvikdals fjellet 33 MW Rakkocearro 200 MW Eliastoppen 40 MW Hamnefjell 120 MW Båtsfjordfjell 120 MW Kvalsund 128 MW Bjørnevatn 60 MW Notifications Application Licences In operation
Developers ambitions versus expected grid capacity Developers ambition (MW) License applications Notifications Western Finnmark 588 0 Eastern Finnmark 440 1.283 Total 588 1.723 Source: NVE (Jan 2012) Expected grid capacity by 2015 (MW) Western Finnmark and Troms Eastern Finnmark Total 1000-1100 160-200 Expected grid capacity by 2025 (MW) Western Finnmark and Troms Eastern Finnmark Total 1500-2000 1000-1500 Source: Statnett (Okt 2011
Challenges
Main grid 300/420 kv What is missing?
Saturday 14.08.2010, 12:00 PM Sunday 15.08 2010, 16:00 PM Temp: 20 C - Temp: 0,5 C Wind: 1,5 m/s - Wind: 30 m/s (max: 37,5 m/s)
Possibilites new load demand in Finnmark
Finnmark - Energy status 2011 og 2020 TWh 1,5 1 2011 0,5 0-0,5-1 -1,5-2 -2,5 Surplus Deficit 2020 Source: Statnett 2010/2011
West-Finnmark 2020 case New 420 kv main grid Electrification of Oil&Gas Wind power Mining (Nussir) Source: Statnett
Summary Finnmark is unique and have the best potential for wind power in Norway (Kjeller Vindteknikk 2012) Statnett needs to build new 420 kv lines to secure supply and because of new load demands from the oil and gas industry Developers needs local knowledge to handle arctic environment and strong local interests
Welcome to Finnmark: «THE LAND OF THE COLD CASH»