List of 80 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. Statkraft – a leading renewable energy producer from Oslo

Statkraft is fully owned by the Norwegian state and is Europe’s largest generator of renewable energy. The Statkraft Group develops and operates renewable energy assets in the form of hydropower, wind, solar, gas and biomass. To date, they have an installed capacity of over 22,000 MW. During its long history, the company has expanded its operations to more than 20 countries. Statkraft plans to further increase its renewable energy portfolio, reinvesting 100% of its growth in renewables.

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. Vattenfall – wind energy developer based in Stockholm

Vattenfall is another state-owned energy company. Its main markets are Sweden, Germany, the Netherlands, Denmark and the UK, where it employs more than 21,000 people. Vattenfall produces electricity from a variety of sources, including hydro, nuclear, wind, solar, biomass, waste and natural gas. In order to achieve its goal of enabling fossil freedom, the company is focusing mainly on renewable energy in its future development. To date, Vattenfall has installed over 15,000 MW of renewable energy.

4. Fortum – Helsinki-based wind energy producer

Fortum is a Nordic energy company. Its core energy sources are hydro power, with an installed capacity of more than 4,600 MW, and nuclear power. Fortum is also developing a ready-to-build pipeline for onshore wind and solar power projects. This has made it the third-largest power generator in the Nordic countries. Regarding its wind power operations, Fortum has already developed 730 MW and has a further 800 MW in its renewables-ready-to-build pipeline by the end of 2026. In total, the company has more than 30 wind and solar projects in development.

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)