Powerful forces are changing and shaping the energy sector. There is a transition towards a low-carbon economy all around the world. The change is spurred by the climate agreement from Paris, with a commitment from all countries to contribute to reduce greenhouse gas emissions.
Since the founding of the company in 1895, Statkraft has developed from a national company, focused on developing Norwegian hydro power resources, into an international company diversifying also into other sources of renewable energy. Today, with a total consolidated power generation of 66 TWh in 2016, Statkraft is the second largest power generator in the Nordics and Europe’s largest supplier of renewable energy.
The corporate governance statement clarifies the distribution of roles between the Norwegian state as owner, the board and the management in the company.