EnergyWatch

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.

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