Outlook

Statkraft’s large reservoir capacity with seasonal and multipleyear reservoirs provides the Group with substantial flexibility to manage water resources efficiently

A significant share of the Group’s power production is sold through long-term power contracts, which helps stabilise the Group’s revenues. Additional production capacity is under construction, and will increase revenues when completed.

In an international perspective, there is a growing demand for renewable energy. The Group is making major investments to renovate the older hydropower plants in Norway and Sweden and has investments in several new projects within hydropower, wind power and district heating. Major changes in the European power system are expected to create challenges, but also new opportunities within renewable energy.

Hydropower is a profitable and climate-friendly energy source in many emerging markets. Statkraft is implementing an integration of the enterprises in South America and South Asia, and is planning further international growth based on its core expertise within project development, operations, maintenance and market operations. New projects are being planned within wind power in Norway and in other countries where conditions are favourable. Strengthening Statkraft’s equity enables the Group to develop its position as an internationally leading supplier of pure energy.