Locus Energy has officially flipped the switch on its Gullbergelva hydropower plant in Åfjord municipality, Norway, marking a significant milestone in the company’s journey following its acquisition of Blåfall Utvikling A/S earlier this year. This new facility is not just another cog in the wheel; it’s the first project to reach commercial operation post-acquisition, showcasing Locus Energy’s commitment to expanding its footprint in the renewable energy sector.
With an installed capacity of 2.7 MW and an annual production potential of 8.3 GWh, the Gullbergelva plant is the eighth operational asset in Locus Energy’s Norwegian hydropower portfolio, which boasts a total of 26 plants capable of generating over 250 GWh. This substantial capacity is a testament to Locus Energy’s strategic vision and operational prowess in the renewable energy landscape.
Niklas Sörensen, CEO of Locus Energy, expressed pride in the company’s contributions to the local energy system, emphasizing the importance of such developments for the communities involved. “Throughout the 21 local Norwegian municipalities that we are present in today, we are proud to contribute to the strengthening of the local energy system,” he stated. This sentiment reflects a broader trend where renewable energy projects are increasingly seen as catalysts for local economic growth and sustainability.
The construction of the Gullbergelva plant is more than just about energy; it’s about connectivity. Lars Haugom, CEO of Blåfall AS, highlighted the project’s dual benefits, noting that it includes the development of 17 km of grid and fiber connections. This infrastructure not only enhances energy distribution but also fosters digital connectivity in the region. “The development and construction of the Gullbergelva power plant… represent a milestone for us and the municipality,” Haugom remarked, underscoring the symbiotic relationship between energy production and community development.
Local government support plays a crucial role in such initiatives, and Erling Iversen, the Mayor of Åfjord Municipality, has shown resounding endorsement for the project. Iversen noted that the construction of Gullbergelva instills confidence in the future of Sørdalen, providing essential infrastructure upgrades and securing annual land leases for local landowners. His support demonstrates the importance of collaboration between developers, municipalities, and service providers in driving renewable energy projects forward.
Looking ahead, Locus Energy is not resting on its laurels. The company is gearing up for further construction and development of small-scale hydropower plants at an additional 18 sites across Norway. This ambitious expansion reflects a growing recognition of the need for localized energy solutions that can adapt and evolve with technological advancements.
SEB Nordic Energy, the fund backing Locus Energy, is strategically focusing on renewable energy infrastructure in the Nordic region, investing in small-scale hydropower, wind, solar, and geothermal energy. This Article 9 fund prioritizes sustainable investments, appealing to professional investors looking for long-term commitments in the renewable sector. As the world increasingly pivots toward sustainable energy solutions, initiatives like Gullbergelva will likely shape future developments, setting a precedent for localized, community-focused energy projects that not only meet energy demands but also bolster local economies.
