Vision

As Europe's leader in renewable energy, we will meet the world's need for pure energy.

Values

Competence. Using knowledge and experience to achieve ambitious goals and be recognised as a leading player.

Responsibility. Creating value, while showing concern for employees, customers, the environment and society in general.

Innovation. Thinking creatively, identifying opportunities and developing effective solutions.

Strategy

Three main areas for growth
Based on a comprehensive review of Statkraft’s competitive advantages, market opportunities and synergies within the group, the following areas of growth are prioritised:

• Flexible power generation and market operations in Norway and the rest of Western Europe

• International hydropower

• Wind energy in Norway, Sweden and the UK

These prioritised areas will continue to build on Statkraft’s core competence in renewable and flexible power generation. Statkraft will continue its focus on flexible power generation in Western Europe through hydropower and gas power. The international hydropower development will continue to focus on emerging markets with an increasing need for clean energy and a great potential for hydropower development including, in part, southeast Europe as well as markets outside Europe through SN Power. Continued wind power development will be focused on onshore wind power in Norway and Sweden, as well as offshore wind power in the UK. Growth in district heating will be focused in Norway. Statkraft will continue to be a key supplier of power to Norwegian industries.

This means that the group will sell its solar power business, and that investment plans for wind power and district heating will be scaled back compared with previous plans. Statkraft is currently involved in talks with the other owners of the utility company BKK, which could result in Statkraft reducing its ownership interest in that company. The sale of the electricity grid company in Trondheim will be carried out according to plan.