Snapshot from Jul 20, 2026 at 07:00 UTC. For live data and tracking: View Live
Regulatory hydropower plant upgrade

Statkraft proposes Mår power plant upgrade

Analysis based on 9 articles · First reported Jun 29, 2026 · Last updated Jun 29, 2026

Sentiment
60
Attention
4
Articles
9
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

The market is positively impacted by Statkraft's proposed upgrade of the Mår power plant, as it signifies increased renewable energy production in Norway, which can lead to more stable and potentially lower electricity prices. This investment also creates opportunities for local and national contractors, boosting the construction sector.

Utilities Construction

Statkraft has submitted a licence application to the Norway — Norwegian Water Resources and Energy Directorate for a new Mår power plant in Rjukan, Tinn municipality, Norway. This project, part of Statkraft's NOK 70 billion plan to upgrade Norwegian hydropower, aims to increase power generation by over 13 percent, from 1140 GWh to approximately 1300 GWh, and nearly triple the installed capacity from 180 MW to 520 MW. The new plant, estimated to cost NOK 9 billion, will be built further into the mountain, relocating the intake and outlet to increase the height of fall and enable quicker electricity production during high demand, thereby reducing price peaks. The application also includes an option for a future pumped storage facility. While the project promises significant societal benefits, it will involve excavating 40 kilometres of tunnels, generating large volumes of rock, and will affect the local environment and nature. Statkraft is engaging with Tinn municipality and Norway — Telemark to find beneficial uses for the excavated materials and has proposed measures to improve conditions for wild reindeer.

85 Statkraft plans to invest
40 Statkraft initiated dialogue Tinn
30 Statkraft proposes constructing
priv
Statkraft is the primary entity in this event, proposing a significant investment to upgrade the Mår power plant, which will increase its power generation capacity and contribute to Norway's renewable energy goals. This project is part of its larger NOK 80 billion investment plan in Norway.
Importance 100.0 Sentiment 70.0
cnt
Norway benefits from Statkraft's investment in upgrading the Mår power plant, as it will increase renewable energy production, help reduce electricity price peaks, and contribute to the country's energy security. The project is part of a broader national plan to develop hydropower.
Importance 80.0 Sentiment 30.0
govactor
The Norway — Norwegian Water Resources and Energy Directorate is the regulatory body to which Statkraft submitted its licence application for the Mår power plant upgrade. This agency will decide whether to grant the licence, weighing societal benefits against local impacts.
Importance 60.0 Sentiment 0.0
per
Pål Eitrheim, Executive Vice President for the Nordics at Statkraft, is a key spokesperson for the project, explaining the rationale behind the upgrade and its benefits for increased production and capacity.
Importance 50.0 Sentiment 0.0
oth
Tinn municipality is the local authority where the Mår power plant is located. It has been in dialogue with Statkraft regarding the project's local impacts and potential community benefits from the excavated materials.
Importance 40.0 Sentiment 20.0
loc
Norway — Telemark is a regional authority that has been in dialogue with Statkraft regarding the use of excavated materials from the Mår power plant project for beneficial community purposes.
Importance 30.0 Sentiment 10.0
Statkraft related Norway
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