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Varanger Kraftvind

Varanger Kraftvind is the owner of the Raggovidda wind farm, located near the Berlevag municipality in Finnmark County, Norway.

varanger kraftvind logo
Fund: Cube II
Sector: Energy Transition
Location: Norway
Investment Date: September, 2019
Status: Current

The company is a partnership between Cube and local utility Varanger Kraft. Varanger Kraftvind owns and operates two wind parks: Raggovidda 1, a 45 MW wind farm operational since 2014, and Raggovidda 2, a 52 MW expansion project completed in 2022.

The wind farm benefits from excellent wind conditions as demonstrated by the strong historical production since 2014 and is expected to benefit from the construction of new interconnectors which should reduce the gap between power prices in Scandinavia and continental Europe in the future.

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