Statkraft offers renewable and sustainable energy solutions
Statkraft is Europe's largest producer of renewable energy, and in 2015, over 99% of the company's power production was based on renewable energy sources. Statkraft's ambition is to support a global transition towards a low-carbon economy by offering renewable and sustainable energy solutions. In addition, all activities shall be planned and implemented in line with good international practice.
In 2015, over 99% of Statkraft's power production was based on renewable energy sources, and more than 93%, or 52.7 TWh, came from hydropower. As a technology, hydropower has many advantages, including high efficiency, long lifetime and high flexibility. The large, Norwegian water reservoirs enable us to produce electricity even when there is little inflow. This flexibility is particularly important in combination with inflexible technologies, for example hydropower in combination with wind power.
Development and operation of hydropower plants facilitate multiple uses of watercourses and regulation plants, Examples of such use include irrigation, water supply, transport and recreation. In addition, flood control using reservoirs is an important safety measure in many areas. Such use of our installations will in all probability be even more important in the future when we face the consequences of the climate changes.
Wind power is a renewable technology with few environmental effects and almost no emissions. The tendency is towards larger turbines, higher towers and fewer turbines in each wind farm. This is considered to be a positive development as regards environmental effects.
The Group's non-renewable energy production includes gas-fired power and a small part of the district heating production.
Gas power is by many considered a transitional technology. The technology generates carbon emissions, but the emissions are substantially lower than for coal-based power plants. Statkraft's gas power plants in Germany operate only as peak load producers and, like hydropower, therefore contribute to flexibility in the European energy markets. Knapsack I and II are two of Europe's most modern and efficient gas-fired power plants, but due to high gas prices, low carbon prices and large growth in inflexible power production (solar and wind power), Statkraft's gas power production has been significantly reduced in recent years.