Statkraft Norfund Power Invest AS or SN Power is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 power company

Power Company

The Power Company was a team of professional superheroes-for-hire in the DC Comics universe. The team, created by Kurt Busiek and Tom Grummett, first appeared in JLA 61,...

 with investments in hydroelectricity

Hydroelectricity

Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...

 in Chile

Chile

Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

, India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, Nepal

Nepal

Nepal , officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India...

, Peru

Peru

Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

, the Philippines

Philippines

The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

 and Sri Lanka

Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

. Total mean average output from the 14 power stations is 3,343 GWh, with additional five projects with 5,793 GWh under construction. The company is a joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 between Statkraft

Statkraft

Statkraft is a Norwegian state owned electricity company. With a total energy production of 44.9 TWh in 2007, the Statkraft Group is the third largest energy producer in the Nordic region, as well as the largest energy producer based on renewable energy sources in Europe,consisting of 40% of the...

 and Norfund

Norfund

Norfund is a private equity company established by the Norwegian Storting in 1997 and owned by the Norwegian Ministry of Foreign Affairs. The fund receives its investment capital from the state budget...

, both owned by the Government of Norway.

On 20 January 2010, the company opened its first wind farm

Wind farm

A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...

, Totoral Wind Farm

Totoral Wind Farm

Totoral Wind Farm is a 46 MW wind farm in Chile. SN Power opened its first wind farm Totoral Wind Farm in the Coquimbo Region, 300 km north of Santiago de Chile 20 January 2010. The wind farm consist of 23 Vestas V90-2MW wind turbines and is expected to deliver 100–110 GWh per year...

, in the Coquimbo Region

Coquimbo Region

The IV Coquimbo Region is one of Chile's 15 first order administrative divisions. It is some 400 km north of the capital, Santiago.The capital and largest city is La Serena, other important cities include the seaport Coquimbo and the agricultural centre...

, 300 kilometres (186.4 mi) north of Santiago de Chile. The 46 megawatt wind farm consist of 23 Vestas

Vestas

Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines. It is the largest in the world, but due to very rapid growth of its competitors, its market share decreased from 28% in 2007 to 12.5% in 2009...

 V90-2 MW

Vestas V90-2MW

The Vestas V90-2MW is a three bladed upwind horizontal axis wind turbine designed and manufactured by Vestas specifically for the light wind regimes of continental Europe...

 wind turbine

Wind turbine

A wind turbine is a device that converts kinetic energy from the wind into mechanical energy. If the mechanical energy is used to produce electricity, the device may be called a wind generator or wind charger. If the mechanical energy is used to drive machinery, such as for grinding grain or...

s and is expected to deliver 100–110 GWh per year.

Projects in Africa are handled by a subsidiary, Agua Imara AS

Agua Imara AS

Agua Imara AS, formerly SN Power AfriCA, is a subsidiary of Statkraft Norfund Power Invest AS . It is a Norwegian renewable energy company with focus on emerging markets...

, also owned by two regional Norwegian power companies.