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What

NorthConnect is owned by four public power companies.


Developing connections for a power exchange between Scotland and Norway requires large investments and a high level of professional competence.

Three municipal-owned power companies - Lyse, Agder Energi and Hafslund E-Co - and the Swedish state's Vattenfall, have established a Joint Venture called NorthConnect. 47 municipalities in Western Norway, Southern Norway and Eastern Norway have rolled up their sleeves and made the commitment to reduce greenhouse gas emissions. Among the largest owner municipalities are the cities of Stavanger, Sandnes, Arendal, Kristiansand and Oslo. In addition, the Norwegian and Swedish state have ownership interests, via Agder Energi (Statkraft) and Vattenfall, respectively.

Owners

Agder Energi is a Norwegian energy group within hydropower production, distribution of electricity, power trading and customer solutions for the corporate and private market. The Group has operations in Norway, the Nordic region and the rest of Europe, further developing hydropower production in Norway and investing in new trading solutions in the decentralized energy market in Europe.

The 30 Agder municipalities are majority owners in Agder Energi with 54.475 per cent of the shares. Statkraft Holding owns 45.525 percent of the shares. Read more at ae.no.

Owners

Lyse is a Norwegian group with activities in the areas of energy, telecommunications and infrastructure. The Group has 1,200 employees. The head office is in Stavanger, while the grid operations are operated from Sandnes.

In renewable energy, Lyse is a national player and the group is the national leader in fiber broadband. Lyse has regionally developed the country's most varied and complete infrastructure for fiber broadband, electricity, bio and natural gas and district heating. Good accessibility and high delivery security are prioritized. In 2018, Lysebotn 2, which is Northern Europe's most modern power plant and which is also well positioned for power exchange with Europe, opened.

The company's shareholders are 16 municipalities in southern Rogaland. The shareholders assume long-term industrial ownership. Read more at lysekonsern.no.

Owners

Hafslund E-Co is Norway's second largest power producer with power plants in Aurland, Hallingdal, inland and Østfold. The company owns, operates and maintains hydropower plants, delivers system and balance services to the power system and converts power into the wholesale market.

Hafslund E-Co is part of the Hafslund E-CO Group, which is owned by the City of Oslo.

With an annual average production of approx. 13 TWh produces E-CO Energy's renewable power corresponding to the consumption of 650,000 households. Read more on e-co.no.

Owner

Vattenfall is a leading European energy company that for more than 100 years has electrified the industry and supplied electricity to households. Through innovation and cooperation, Vattenfall has modernized our way of life. Now, Vattenfall wants to make it possible to live fossil-free within a generation. Therefore, Vattenfall is driving the transition to a sustainable energy system through investments in renewable production and climate-smart solutions for its customers.

Vattenfall has around 20,000 employees. The Group has operations mainly in Sweden, Germany, the Netherlands, Denmark, the UK and Finland. Vattenfall is owned by the Swedish State. For more information: corporate.vattenfall.se

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