Oslo, Norway [RenewableEnergyAccess.com] The Norwegian Water Resources and Energy Directorate (NVE) granted Statkraft a license for the construction of Selbjorn Wind Farm in Austevoll, Norway. The wind farm will have an annual production capacity of up to 110 gigawatt-hours (GWh).The construction of Selbjorn Wind Farm will contribute toward achieving the Norwegian government’s long-term target of generating 30 terawatt-hours (TWh) of renewable energy and improving energy efficiency. The wind farm will have an installed capacity of up to 40 megawatts (MW) and be able to produce 110 GWh of renewable electricity. The number of wind turbines will depend on the optimal type and size of wind turbines to be employed at the time of construction. It is currently unclear when construction of the Selbjorn Wind Farm will be able to start. Specific market conditions and financial framework conditions that guarantee sufficient profitability for the project must be met first. Statkraft has three wind farms already in operation on Smola, Hitra and in Kjollefjord. These produce an average of around 750 GWh a year. Statkraft is well on the way to achieving its target of developing wind power projects with a cumulative production capacity of 2 TWh a year before 2010. Investments in the three wind farms are expected to total around NOK 2.1 billion [US$343 million].