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Statkraft and Norfund have completed the restructuring of SN Power

06 Jun, 2014
(Oslo, 6 June 2014) Today, Statkraft and Norfund have completed the restructuring of SN Power in accordance with the agreement signed December 20, 2013. The parties have thereby established a new solid basis for their continued cooperation within renewable energy.

The main elements of the new structure and cooperation are described in the Stock Exchange notice and press release published 20 December 2013.

The goal is to develop a leading international hydropower cluster, contributing to sustainable economic growth through profitable investments.
About Statkraft
Statkraft is Europe's largest generator of renewable energy and is the leading power company in Norway. The company owns, produces and develops hydropower, wind power, gas power and district heating. Statkraft is a major player in European power trading and has 3600 employees in more than 20 countries.

About Norfund
Norfund (the Norwegian Investment Fund for Developing Countries) is owned by the Ministry of Foreign Affairs and serves as an instrument in Norwegian development assistance policy. The fund contributes to poverty reduction and economic development through investments in profitable businesses and transfer of knowledge and technology. The current investment portfolio of Norfund totals USD 1.7 billion invested in 120 different projects.

For further information, please contact:

Lars Magnus Günther, Communications advisor, Statkraft
 +47 91 24 16 36

Heidi Berg, Communications advisor, Norfund
+47 99 70 10 61

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.