Brief history

Statnett SF was founded in 1992, but its history actually goes back to 1919.



The Norwegian Water Resources and Energy Directorate (NVE) is founded.

1932 The co-ordination of Norway's power stations is established.
1986 The state-owned power stations, Statkraftverkene, are separated from the Norwegian Water Resources and Energy Directorate.

The current Energy Act is passed by parliament and implemented.

1992 The state-owned administration company Statkraftverkene is divided into two independent state owned enterprises, Statnett SF and Statkraft SF. The first runs the national transmission power grid and has national system-wide responsibility, whilst the latter is responsible for the competition-based generation of power (power plants). Odd Håkon Hoelsæter was appointed as Statnett’s first CEO.
1993 The co-ordination of Norway's power stations is integrated in Statnett. Statnett Marked AS is formed as a wholly owned subsidiary of Statnett and is put in charge of the Norwegian power exchange.

Norway and Sweden set up a common market for power. Statnett Marked AS expands its area of operations and becomes Nord Pool ASA. Svenska Kraftnät becomes a co-owner of Nord Pool ASA, which means that Statnett and Svenska Kraftnät each own 50 per cent of the Nordic power exchange, and operate a common power exchange for the Nordic region.
Statnett's two vessels, C/S Skagerrak and M/S Elektron, are formally transferred to wholly owned subsidiary Statnett Rederi AS.
Together with 29 other energy companies, Statnett sets up the telecommunications transmission company Enitel ASA. Although Statnett initially owns 30 per cent of the company, its shareholding is later reduced to 11 per cent.

1997 Statnett's Construction and Maintenance division is independently incorporated to become the wholly owned subsidiary Statnett Entreprenør AS.
1998 Finland joins the common Nordic power market.

First phase of Statnett’s internal rationalisation programme begins.
Western Denmark joins the common Nordic power market.


Statnett sells the cable-laying ship C/S Skagerrak.
Report No. 9 to the Norwegian Parliament (2000-2001) grants market access to the Skagerrak-cables between Norway and Denmark from January 2001.
Eastern Denmark joins the common Nordic power market.

2001 Peak consumption of 23,054 MW was reached between 9.00 a.m. and 10.00 a.m. on 5. February due to cold weather.
Enitel goes into compulsory liquidation in August.
E.ON Energie AG and Statkraft SF choose to terminate their agreement on the exchange of power via the planned Viking Cable between Norway and Germany

The company Nord Pool Spot AS is established and registered as a separate company.
Statnett Rederi AS changes name to Statnett Transport AS
The Norwegian Parlament (Stortinget) formally defines Statnett's responsibilities as Norway’s main grid transmission system operator (TSO).
The Storting decides to remove the provision concerning state guarantees for state-owned enterprises from 1 January 2003.

Winter 2002-2003: The most critical energy situation to date following a sharp fall in water levels in hydropower reservoirs and unusually high electricity prices.

2003 Statnett sells Statnett Entreprenør to Eltel Networks Corporation.

Startup of the Norned cable project, worlds longest HDVC submarine cable connection from southern Norway to the Netherlands.
New Statnett Transport vessel M/S Elektron commissioned to be build at Flekkefjord shipyard.

2006 Further investments in new transmission lines in Trøndelag and Setesdalen.  Also it was decided to acquire and install two mobile power production units at Tjeldbergodden and Nyhamna with output capacity of 150 MW each.
2007 Three new investment and development projects under way in Hordaland, Sogn og Fjordane and Trøndelag project costs totalling MNOK 3.500 .
Agreement to sell Statnett’s financial market interest in Nord Pool ASA to the OMX power exchange.

Sale of NordPool ASA assets to finalized.
Final delivery and commissioning of the Norned 580 km long submarine cable as well as new vessel M/S Elektron. Increased focus on Statnett’s role as an important CO2 emissions reduction contributor.
After 17 years as President and CEO, Odd Håkon Hoelsæter announces his retirement and the appointment of Mr. Auke Lont as his successor 01.02.2009.

2009 Completion of a new 420 kV power line between Skåreheia and Holen in Setesdal and a new power line to Sweden between Nea and Järpstrømmen in Central Norway, officially opened in 2010. Auke Lont becomes the new President and CEO of Statnett on 1 February 2009. He states that focus on security of supply, value creation and climate will step up developments in the years ahead.
2010 The Ministry of Petroleum and Energy (MPE) grants Statnett a licence for the power line between Sima and Samnanger in Hardanger. The licence sparks extensive national protests and the Norwegian Government decides to reassess the power line. Statnett announces a need for grid investments of NOK 40 billion over the next ten years, combined with stricter security of supply requirements. Statnett is granted a licence by the Norwegian Water Resources and Energy Directorate (NVE) and makes an investment decision for Skagerrak 4, a new interconnector between Norway and Denmark. On 6 January 2010, a new consumption record of 23 969 MW is set.
2011 Low reservoir water levels combined with cold weather, high consumption and problems at Swedish nuclear power plants result in a pressed power situation in central and southern parts of Norway for most of the winter. In the southern part of Norway, the situation is upgraded to strained towards the end of the winter. The MPE confirms their licence decision for the Sima-Samnanger power line. A final licence is granted for the power line between Ørskog and Sogndal. Work on Sima – Samnanger, Skagerrak 4 and Ørskog - Sogndal starts. Statnett launches the planning work for upgrading the main grid in the Oslo area. The Norwegian and Dutch power markets are connected and implicit auction is introduced. On 25 and 26 December, the storm Dagmar causes major challenges for Norwegian power supply.
2012  Minister of Petroleum and Energy, Ola Borten Moe, presents the 2012 Grid Report  "Building Norway – about grid developments". The report emphasises the need for grid upgrades. The power line between Sauda and Liastølen is completed. Statnett enters into agreements for the construction of cables to Germany and the UK. The NVE grants a licence for construction of Norway’s longest power line between Ofoten and Hammerfest. The Åsen II wind farm in the municipality of Time in Rogaland County becomes the first wind farm to receive electricity certificates in Norway.
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