Statkraft to finance new strategy with "renewable capital"

Norwegian state-owned utility Statkraft has a new strategy to invest NOK 10 billion in solar, wind and hydro power annually, partly financing it via ongoing farm-downs a newly installed facilities.

Photo: Statkraft

"Renewable capital" — as Statkraft CEO Christian Rynning-Tønnesen calls it — is part of the utility's plan for financing its expensive, newly-published strategy for investing NOK 10 billion per year in renewable energy sources.

On the stage at Statkraft's conference, the CEO unveils what is behind the company's strategy for expanding its portfolio of renewable energy on a such a massive scale. Statkraft's plan is for go grow its wind energy capacity from 2,000 MW to 6,000 MW by 2025, and the utility will at the same time boost its solar energy portfolio from 10 MW to an entire 2,000 MW.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs