Østfold Energi
Østfold Energi is a Norwegian energy producer within the business areas of hydropower, wind and heat. The company operates hydroelectric power plants in Østfold and Vestland counties with an annual power production of per year. The power plants operated by Østfold Energi include:
- Borgund power plant, per year
- Stuvane power plant, per year
- Nyset-Steggje power plant, per year
- Brekke power plant, per year
- Tistedalsfoss power plant, per year
- Ørje power plant, per year
Østfold Energi is co-owner of Kvalheim Kraft DA who owns and operates the windmill park Mehuken in Vestland on the west coast of Norway. The wind farm was opened in 2001 with five wind turbines. In 2010 the wind farm was extended with additional eight wind turbines. The annual production of electricity is now per year. The approximately 3,000 households in the northern part of Kinn Municipality are now self-supported with electricity from the wind turbines at Mehuken.
Østfold Energi owns and operates two modern waste-to-energy plants. The plant in Sarpsborg converts waste residue into thermal energy to Borregaard. The plant in Rakkestad provides process steam and district heating to nearby industrial companies. Totally per year in thermal energy was produced at the waste-to-energy plants during 2010.
The company also holds ownership of Zephyr, Norsk Grønnkraft, Kvalheim Kraft, Rygge sivile lufthavn and Hafslund.
The company is owned by Østfold county and thirteen municipalities in Østfold county: Østfold County Municipality, Sarpsborg Municipality, Indre Østfold Municipality, Moss Municipality, Halden Municipality, Fredrikstad Municipality, Våler Municipality, Aremark Municipality, Marker Municipality, Skiptvet Municipality, Aurskog-Høland Municipality, Rakkestad Municipality, Råde Municipality, and Hvaler Municipality.
In 2011, NIB and the Norwegian energy company Østfold Energi signed a loan totalling for financing investments in wind and hydropower production, and district heating plants.
In 2014, Østfold Energi sold its shares in EfW heat provider, Hafslund ASA. The managing director Oddmund Kroken said, the energy firm will use the cash to invest €30.7m in other renewable energy projects.
In April 2017, Orkla, Thon Holding AS and Østfold Energi have entered into an agreement with the investment company Jotunfjell Partners for the sale of Rygge Sivile Lufthavn AS.
History
The company was created through the 1960s to the 1980s as a merger between the municipal owned power companies throughout Østfold, with only five municipalities not joining. Until 1997 the company was named Østfold Energiverk.In 2000 49% of the grid and retail subsidiaries were sold to Swedish Sydkraft, and in 2003 Sydkraft took over the distribution, installation and retailing subsidiaries while the power production was left in Østfold Energi. The same year Sydkraft swapped its ownership to Fortum in a business deal.