Powering the energy transition

Njordr Renewable Energy is a lean and agile developer of wind and solar energy projects, aiming to become a major contributor to the Nordic energy transition. We create long-term value through development of renewable energy to power green industries and jobs. 

We are ideally positioned to accelerate the regional energy transition with a substantial and diversified portfolio of large-scale greenfield projects. Our experienced team identifies, develops, and optimises high-value wind, solar and hybrid projects, positioning Njordr to become a leading Nordic renewable energy company.

A fully-integrated developer of renewable energy production

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Company established in 2017

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Team of 12 experienced professionals across the Nordic region

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A substantial portfolio of projects in Sweden and Finland.

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Diverse portfolio: Wind, solar, hybrid and industrial integration

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Long-term ambition to become a major contributor to the Nordic energy transition

Latest news

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Njordr and OX2 collaborates on the Galmsjömyran wind power project in Sandviken municipality

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Njordr sells up to 21 GW Swedish offshore wind portfolio to Statkraft

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Nordi plans industrial-sized solar power plant in Finland

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Project portfolio

Njordr is currently developing a substantial portfolio of onshore projects across the Nordics. In addition, we are in early stages of developing solar projects across the Nordic countries, where our most advanced project is Lålby in Finland.

The maturity of project portfolio ranges from screening, through feasibility, Consultation / Permit Application and projects that already are in the permitting process at relevant authorities in the Nordic countries.

Our prioritisation of projects strictly follows a selected number of criteria where sustainability, regional energy demand, local acceptance, and the overall probability of getting the projects all the way to successful operation are among the most important.

Find out more through the following links

Project map

>20 GW portfolio across 35 projects.

Map last updated on 19. Jan 2023

Map showing location of Project Beta, in south-eastern Sweden

Screening

Consultation

Permitting

Offshore: Project Beta, Baltic Sea

Timeline

2023

Permit application

2026

Permit Approval

2029 - 31

Final investment
decision

2030 - 32

Go-live

Project description

2,460

MW planned capacity

10.0

m/s avg. wind at HH

10.4

TWh expected annual production

Bottom-fixed

Far shore

123

WTG

447

km2

Ownership

Njordr Offshore Wind 100%

pie chart show 100%
View all projects

Njordr is perfectly positioned for the Nordic energy transition

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Electricity demand is expected to increase significantly in coming years

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Ambitious national policies and targets are driving strong growth for renewables

Long distance view of wind turbines scattered along a green forest

Wind is expected to be the main source of new energy supply, supported by a rapidly growing solar power generation

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Growing demand and increasing CO2-prices are expected yield long-term stable and attractive electricity prices

Operating across the wind development value chain

Screening

Site identification

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Feasability

Site assessment and studies

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Consultation / Permit Application

Concession preparation and application

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Permit Process

Processing of application

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FEED + Financing

Design / layout optimisation, contracting and financing

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Construction

Construction management

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Operation

Technical and commercial asset management

Backed by owners with a proven record of creating highly successful green businesses

Njordr is backed by Vanir Green Industries, a dedicated Nordic investment company that develops and scales green, robust and profitable businesses accelerating the energy transition. Vanir Green Industries is managed by a team of seasoned investment professionals with deep industrial competence and commitment to build a more sustainable future. Vanir focuses on onshore wind development, solar development, carbon capture, energy storage and deep decarbonisation of existing industries.

organisational map showing Njordr and Njordr Offshore Wind in relation to Vanir

Board

Alf Engqvist

Chairman. Former Chairman of Njordr Offshore Wind

  • Former CEO of Göteborg Energi
  • 30+ years of experience

Anders Hærland

Managing Partner, Vanir Green Industries

  • 20+ years of experience, including 15+ years of senior leadership positions in the energy industry

Niclas Erkenstål

CEO of Njordr AS and Managing Director of Njordr AB, Sweden

  • 14 years of experience in wind and greenfield development, turbine sales and construction
  • 10 years in ABB Power Systems

Kristian Hauglum

Investment Director, Vanir Green Industries

  • 20+ years of experience in energy, incl. 17 years in Hydro, lastly as commercial director in Hydro Energy
  • Previously Partners in Vindr, a developer of wind and solar power

Harald Bjørland

CEO, Capient

  • ~20 years of experience from corporate development, capital markets and stakeholder engagement
  • Last 9 years at Capient, a capital markets advisory and professional services company

The team

Njordr combines experienced leaders with local presence. Top management have 5-30 years individual experience with wind, solar, renewables and energy sectors, and are supported by local teams on the ground in Sweden and Finland. We operate operates across the full value chain with extensive experience and competencies within development, financing, construction and operation of wind farms and solar parks.

Portrait of Niclas Erkenstål

Niclas Erkenstål

CEO, Head of development Sweden

Eight years of experience in mechanical engineering and sales within Bombardier Transportation. 10 years of experience in International marketing and sales within ABB Power Systems, with focus on power transmission, distribution and generation systems and products. Country Manager for Senvion wind turbine manufacturer, with +200 MW sales and installations in Sweden and Norway.

Portrait of Per Richard Olsen

Per Richard Olsen

CFO

25 years of experience as CFO in leading Norwegian and international corporates and start-ups within investment banking, technology and construction. BSc Business Administration and Management from the Royal Norwegian Naval Academy, Bergen, and post-graduate studies.

Portrait of Piia Heikkinen,

Piia Heikkinen

Head of development Finland

Leading the Finnish business since inception in 2021. Previously, four years at AFRY Finland, last two years as Department Manager for Wind, Solar and New Energy Solutions. Board member of the Finnish Wind Power Association. MSc, Wind Power Project Management, Uppsala University. BSc, Spatial and Social Planning: Project Management and Sustainable Environment.

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