Nov 4, 2025
Norway's Statnett plans to invest as much as $20 billion in its power grid by 2035.
Norway's transmission system operator Statnett announced on Monday that it will more than double its investments over the next decade to meet rising power demand and enhance grid security against climate and security threats.
Statnett plans to invest between 150 to 200 billion Norwegian crowns ($15 billion-$20 billion) over the next ten years, more than doubling its expenditures from the previous decade, as outlined in its system development plan.
The need to upgrade existing lines and significant electrification and industry developments are driving these investments, according to CEO Elisabeth Vardheim.
"We will build more than before, but we cannot do everything at the same time," she stated.
Vardheim noted that cost inflation, a lack of necessary resources, and a strained supplier market necessitate difficult prioritization.
This is the second consecutive year that Statnett has published a ten-year system development plan, with the latest version focusing more on preparedness and security.
The rise in extreme weather, greater digitalization, and an aging grid have made the power system more vulnerable.
"Increased threats mean that Statnett is also considering what measures are needed to secure supply in more serious scenarios, including potential war on Norwegian soil," the company said.
Statnett plans to invest between 150 to 200 billion Norwegian crowns ($15 billion-$20 billion) over the next ten years, more than doubling its expenditures from the previous decade, as outlined in its system development plan.
The need to upgrade existing lines and significant electrification and industry developments are driving these investments, according to CEO Elisabeth Vardheim.
"We will build more than before, but we cannot do everything at the same time," she stated.
Vardheim noted that cost inflation, a lack of necessary resources, and a strained supplier market necessitate difficult prioritization.
This is the second consecutive year that Statnett has published a ten-year system development plan, with the latest version focusing more on preparedness and security.
The rise in extreme weather, greater digitalization, and an aging grid have made the power system more vulnerable.
"Increased threats mean that Statnett is also considering what measures are needed to secure supply in more serious scenarios, including potential war on Norwegian soil," the company said.