In western Norway, the new power plants Eiriksdal and Makkoren will replace older hydropower facilities, while Nedre Røssåga power plant in northern Norway will be modernised.

"These investments will result in more renewable energy, increased security of supply and significant local, regional and national value creation," says Tron Engebrethsen, Senior Vice President at Statkraft.

Eiriksdal and Makkoren hydropower plants in western Norway will produce around 330 GWh. The new power plants will be constructed underground. The development is estimated to cost NOK 700 million.

The upgrade of the Nedre Røssåga hydropower plant in northern Norway is the first stage of a major modernisation of the Røssåga facilities. Three of the units will be upgraded first, followed by modernisation or replacement of the support and control systems. This will cost an estimated NOK 400m.

Statkraft is also considering an upgrade of the three other units in the hydropower station, or building a new parallel hydropower station to replace them.