Countries

Global flag icon
Global
Albania flag icon
Albania
Brazil flag icon
Brazil
Chile flag icon
Chile
France flag icon
France
Germany flag icon
Germany
India flag icon
India
Ireland flag icon
Ireland
Italy flag icon
Italy
Netherlands flag icon
Netherlands
Norway flag icon
Norway
Peru flag icon
Peru
Spain flag icon
Spain
Sweden flag icon
Sweden
Turkey flag icon
Turkey
United Kingdom flag icon
United Kingdom
United States flag icon
United States

Strategy: Powering a green future

Our strategy is a response to changing markets. We will build profitable scale in the markets where we’re already present, finding the best opportunities in renewable energy within each country and across technologies.

The energy systems of the world are changing, and they are changing fast. The world is embracing wind power and solar power on a scale that we have never seen before, and there is much more to come.

A challenge arising from this comes when the wind doesn’t blow and when the sun doesn’t shine. That’s when we need flexible power sources such as hydropower to complement these new renewable sources.

The access to cheap and renewable energy makes electrification the most effective solution to the climate challenge. All of these changes represent challenges, but also huge opportunities for those able to adapt.

Graphic of gear and wrench

Optimise and expand our hydropower portfolio

The most important thing we do is to protect the value of our hydropower assets through refurbishments, improved operations and long-term industrial contracts. We will also continue to build on our flexible portfolio with selective acquisitions.

Graphic of sun and wind turbine

Ramp up as wind and solar developer

We will become a leading developer of profitable onshore wind and solar projects. This means taking on a significantly larger number of projects and selling down where appropriate. We develop the projects, including finding route to market and can therefore sell stakes in it as our value creation is highest in the development phase.

Graphic of a person and lightning bolt

Grow our customer business

We will use our market knowledge as a competitive advantage in an increasingly complex market. Serving large customers’ needs across the whole value chain; from market access and hedging to green power supply. We’ll continue to grow customer-oriented activities like EV charging and district heating.

Graphic of leaf and suitcase

Develop new business initiatives

We will use Norway’s position as a frontrunner in decarbonisation to develop a few large business initiatives with international potential within for instance data centres, EV charging, advanced biofuel or green hydrogen.
 

Statkraft's ambitions towards 2025

  • Icon

    Continue our commitment to sustainable, ethical and safe operations.

  • Icon

    Maintain our strong position as the largest hydropower company in Europe, and as a significant player in South America and India.

  • Icon

    Become a major wind and solar developer, and expand today's portfolio substantially.

  • Icon

    Be a leading provider of market solutions for renewable energy for large customers in all our markets, almost tripling today's volumes.

  • Icon

    Be one of the top three most profitable and customer-oriented district heating players in Norway and Sweden.

  • Icon

    Develop 1-2 new businesses from the green transition, with international potential.

Related content