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Statkraft's billions for renewable energy

Staff writer |
Over the next four years, Statkraft of Norway is planning green investments both in Norway and abroad. The Government's proposal to bolster Statkraft SF's equity by NOK 5 billion ($672.59 million) was adopted by the Norwegian Parliament.

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The Ministry of Trade, Industry and Fisheries will also reduce its overall dividend from Statkraft by NOK 5 billion over the 2016-2018 period. Since 2010, Statkraft has invested more than NOK 27 billion in renewable energy.

With an equity increase totalling NOK 10 billion, Statkraft will be able to acquire more capital in the market and make investments totalling approx. NOK 60 billion. Statkraft has established a strategy that calls for major investments in renewable energy in Norway, Europe and emerging markets in Asia and South America.

“Statkraft has a long-term ambition to grow as an international company within clean energy. In addition to implementing the investment decisions we have made, we are working on concrete projects in all countries where we operate. The projects are primarily within hydropower and wind power, but we are also exploring opportunities within solar energy and biomass,” says CEO Christian Rynning-Tonnesen

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