Statkraft AS - Reduced investment plan

(Oslo, 16 December 2015) Statkraft AS has adjusted its investment plan to the new financial terms. The most material change is that Statkraft no longer will invest in new offshore wind projects. Some international hydropower projects may also be postponed.

"Offshore wind power is capital intensive. The reduced financial terms from the owner entail that it is not possible for Statkraft to invest in new offshore wind projects", says CEO Christian Rynning-Tønnesen.

The investment plan is adjusted in order to balance the goal of profitable growth within renewable energy with Statkraft's financial solidity.

For additional information:
SVP Investor Relations Thomas Geiran, tel.: +47 905 79 979, e-mail: thomas.geiran@statkraft.com
Press spokesperson Knut Fjerdingstad, tel.: +47 901 86 310, e-mail: knut.fjerdingstad@statkraft.com
SVP Corporate Communication Bente E. Engesland, tel.: +47 911 59 952, e-mail: bente.engesland@statkraft.com

Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, gas-fired power and district heating and is a global player in energy market operations. Statkraft has 4200 employees in more than 20 countries.