About SN Power
SN Power is a renewable energy company that invests in emerging markets.
SN Power has invested more than USD 1600 million in equity through acquisitions and the development of new hydropower projects in Asia and Latin America. The company's vision is to become a leading hydropower company in emerging markets, contributing to economic growth and sustainable development. Currently, SN Power is involved in hydropower and wind generation in the Philippines, Nepal, India, Chile, Brazil, Sri Lanka and Peru. Hydropower projects are under construction and/or assessment in Peru, Brazil, Nepal, India, Vietnam and the Philippines. SN Power's share of installed capacity in these operating plants and construction projects amounts to 1140 MW, and an annual mean generation of almost 5 TWh. A new daughter company Agua Imara, where SN Power holds 51% of the shares, was established in January 2009 to focus on hydropower development in Africa and Central America. SN Power and its subsidiaries had 427 employees worldwide. 584 people were employed through non-consolidated joint venture companies in which SN Power is a partner. More than 5 000 people were employed at the construction projects where SN Power is an investor.
Strategy
SN Power`s overriding business strategy is to develop, build, acquire, own and operate sustainable hydropower projects in emerging markets on commercial terms.
Owners
SN Power is owned by Statkraft (60%) and Norfund (40%). Their complementary skills-sets in hydropower and development investment in emerging markets underpin SN Power`s business strategy and competitive edge.