Our main business areas are:

  1. Renewable energy production that comes from reservoir-fed hydropower plants and small-scale hydropower plants (~925 GWh), in addition of being the operator of external wind power plants and hydropower plants. In total Nordkraft operates renewable energy plant with a total output of ~1,4 TWh with additional volume to be added in 2020.
  2. Project development from greenfield to fully operational plants within renewable energy and related business. Total of 15 hydropower plants and 3 wind farms have developed and constructed over the last 10 years.
  3. Operation and owner of the power grid system in Narvik municipality. 

The Group also has shareholdings in power-sales and other energy-related businesses.

Head office in Narvik with ~130 employees. Annual report 2018 (PDF, 6MB).

Key figures (2018)
EBITDANOK 276 m
Total assetsNOK 2.890 m
Owned by: 
Municipality of Narvik50.01 %
Jämtkraft*28.00 %
Hålogaland Kraft*16.16 %
Troms Kraft*5.33 %

* All publicly owned energy-companies