Organisation

The CEO is responsible for Statkraft’s operations towards the Board and has delegated various responsibilities to the Executive Vice Presidents (EVP) of the business and staff areas.

Our four business areas:

• Production is responsible for O&M services to Statkraft-controlled power producing assets globally, for the value creation from Statkraft’s European Flexible Generation portfolio and Statkraft’s District Heating operations and Industrial ownership.

• European Wind and Solar is responsible for development and ownership of wind and solar assets in Europe. In addition, the business area is responsible for the project execution of large projects in Statkraft, the group procurement function and new business development.

• International Power is responsible for acquiring, developing, owning and operating renewable assets outside western Europe, and covers hydropower, wind power and solar power.

• Markets & IT is responsible for commercially optimising and developing Statkraft’s flexible generation portfolio as well as providing market access, supporting investment decisions and securing long-term value through global hedging strategies.

Our two Staff Areas:

• The CFO organisation is responsible for optimising financial management, driving Group performance, allocating resources efficiently, and managing risk.

• Corporate Staff  is responsible for functions supporting the whole Statkraft Group, including HR, Corporate Relations (communication and PA), Sustainability, Governance & Compliance, HSSE, Corporate Strategy & Analysis and Corporate Office.

The Head of Corporate Audit reports functionally to the Board of Directors and administratively to the CEO. This function is not a member of the corporate management and participates in the CFO management team.

Statkraft AS is the parent company of multiple subsidiaries, and is fully owned by Statkraft SF, which is owned by the Norwegian Ministry of Trade, Industry and Fisheries.