Statkraft has so far established a partnership with Norsk Solkraft in Italy to develop two solar power plants, each of 3.3 MW.

The main elements in Statkraft’s commitment to solar energy are as follows:

• focus on centralised solar systems initially

• geographical focus on Italy, Iberia and Southeast Europe

• participation in the entire downstream value chain, with a main focus on securing land and projects in an early phase

In this phase the main task is to establish a partnership that can secure access to appropriate land areas and have projects considered for licenses. At the same time Statkraft will continuously assess potential strategic partners to secure market access, consider participation in other parts of the value chain and secure access to new technology.

Statkraft has so far established a partnership with Norsk Solkraft in Italy to develop two solar power plants, each of 3.3 MW. One of the power plants has already been granted a licence.

In addition, Statkraft owns 70 per cent of the Spanish development company Renewable Energies & Photovoltaics Spain SL (REPS). The company is currently working on four different projects in Spain with the goal of acquiring its first licence in the spring of 2009.

Statkraft also sees opportunities in technology development as regards solar energy and is currently involved in the solar sector through investments in the venture fund Energy Future Invest (EFI). The fund assesses seed companies that develop solar energy technology.