Agder, Glitre to form Norway’s third largest hydropower firm

Norwegian municipal energy groups Agder Energi and Glitre Energi are exploring a tie-up that would form the country’s third-largest hydroelectric power producer and the number two grid operator.

Agder would contribute to around three quarters of the combined 10.8 TWh of annual electricity production capacity, out of Norway’s overall capacity of around 136 TWh per year. Agder Energi is owned by local municipalities in southern Norway as well as state-owned energy firm Statkraft. Glitre is owned by the municipalities in the southern-central regions of Drammen and Buskerud.