List of 70 largest renewable energy developers in Scandinavia [2025]

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List of 4 Renewable Energy Developers in Scandinavia

Scandinavian developers are highly regarded in the renewable energy industry. In addition to a large portfolio of realised renewable energy projects, they are characterised by a constant drive for improvement and development. Aiming for an energy transition, Scandinavian developers are developing new technologies that will make energy production even more sustainable and efficient. Here, we profile a key developer from each Scandinavian country.

1. Scatec – renewable energy developer from Oslo

Norwegian developer Scatec has a portfolio of 4.8 GW in operation and under construction. A large part of this capacity is based on solar parks and hydropower projects, as well as onshore wind farms. In addition to the completed projects, new renewable energy projects with a capacity of 760 MW are currently under construction. In developing these projects, the Oslo-based developer has a vision to improve the future by building a competitive and sustainable way of generating energy.

Update: Scatec started commercial operation of solar PV plants with a total capacity of 150MW in Pakistan. The company signed a 25-year PPA with the Central Power Purchasing Agency of Pakistan to supply energy to the country.

2. Ørsted A/S – leading offshore wind developer from Denmark

Ørsted was once one of the world’s most fossil fuel-intensive energy companies. Over the past decade, it has become a leading player in the transition to a world powered entirely by green energy. To date, it has installed more than 17.7GW of renewable energy, mainly offshore wind, but also solar, hydrogen, biomass, and energy storage. A further 7.5GW is under construction. Orsted’s main market is Europe, but it also operates in North America and the Asia-Pacific region. The company is closely linked to Danish history. Its name comes from the Danish physicist Hans Christian Ørsted, who discovered electromagnetism. A discovery that laid the foundation for modern electricity generation, especially in wind turbines. Renaming the company to Ørsted in 2017 is therefore only logical.

3. OX2 – wind energy developer based in Stockholm

The Swedish developer realises renewable energy projects by developing innovative solutions for energy generation. OX2 develops renewable energy projects from acquisition to commercial management in order to transform the energy supply chain towards sustainable implementation. Since its establishment in 2004, the Stockholm-based developer has realised onshore wind farms in the Nordic region with a capacity of more than 2.4 GW. Further, 25,526 MW are under development. One of the projects is the development of a 1400MW offshore wind farm in Finland. The project will be located southwest of Vaasa and will comprise 100 turbines.

Update: OX2 initiated the operation of two Polish wind farms, totaling 65 MW in capacity.

4. Ilmatar Windpower – Helsinki-based wind energy developer

The Helsinki-based developer of wind energy projects is highly motivated to halt the threatening progress of the climate crisis with all its consequences. By developing renewable energy projects, Ilmatar Windpower is approaching its mission of realising clean energy and thus actively fighting the climate crisis. The Finnish developer is committed to emission-free and highly sustainable energy production and relies on the huge potential of wind energy.

Developers for renewable energy in Sweden, Norway, Finland and Denmark

Northern Europe is a leader in the renewable energy market, with about five times the share of renewable energy compared to the rest of Europe. Not only does this make Scandinavia one of the most interesting and largest markets, but the energy mix is also different from other countries – hydropower and biomass are the most important renewable energies, along with wind. As a result, renewable energy project developers are incredibly important in Scandinavia.

Columns included in the list of the Renewable Energy Developers in Scandinavia

• Company data (Company Name, Legal form, Country of origin)
• Contact details (Address, City, Postcode, URL, E-Mail, Phone, Management)
• Area of activity (Onshore Wind, Offshore Wind, Solar, Hydro, Tidal, Hydrogen projects, Geothermal, Energy storage, Biomass)
• Special Focus (IPP, PPAs, Repowering)
• Further information (Regional Focus, Founding year, installed capacity in MW)

Image Sources: Simon Landmann & Prateek Srivastava via Unsplash (13.02.2023)