Veidekke wins NOK 525m hydropower contract

19/03/2026, 15:22

Director Neal Nordahl of Veidekke Anlegg and Group Director Production Erlend Bårgard of Sognekraft. Photo: Veidekke

Sognekraft and Veidekke are moving ahead with the Offerdal hydropower plant in Norway. The NOK 525 million project has been in the pipeline since the late 1990s and will produce enough energy for 6,000 households.

Veidekke has signed a contract with Sognekraft to build the Offerdal hydropower plant in Årdal, Norway. The target price contract is worth close to NOK 525 million excluding VAT.

The plant will generate around 100 GWh of renewable energy per year, equivalent to the consumption of approximately 6,000 households. Construction starts after Easter, with power production planned to begin towards the end of 2028.

– We are very pleased that the power plant is finally being realised and that we can continue our good cooperation with Sognekraft following the construction of the Feios power plant, which has just been commissioned, says Neal Nordahl, director at Veidekke Anlegg.

The project has a long history. Sognekraft began signing agreements with landowners in the late 1990s before the development could move forward.

– In a time when the need for new, regulable hydropower is growing rapidly, this development will be an important contribution to the power balance while also creating value both locally and regionally, says Terje Bakke Nævdal, CEO of Sognekraft.

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