Norway has rolled out plans to spend €1.1 billion (or $1.2 billion) to build the largest onshore wind farm project in Europe. The project, set to be located in Central Norway, will double the country's existing wind power capacity by the year 2020.
The wind farms will generate a total capacity of 1000 megawatt (MW), and the project will consist of six connected wind farms in three locations: the Fosen peninsula, the island of Hitra, and Snillfjord. On an annual basis, the wind farms are estimated to generate 3.4TWh of energy for Norway.
The project will be developed and owned by joint venture Fosen Vind DA, 52% of which is owned by Norway's state-owned utility Statkfraft.
"This is an important day. Together with our partners Statkraft has developed the largest renewable energy project in Norway in this millennium. With a 1000MW project we become one of the leading onshore wind players", said Christian Rynning-Tønnesen, CEO and President of Statkraft, said in a statement.
The project will use 278 wind turbines with 3.6 MW capacity, and the first turbines are scheduled to be delivered in 2018.