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Sunshine and solar panel
Photo: NTB scanpix

Rundedal solar park in the Netherlands

Solar power

The world is embracing solar power on a scale we have never seen before. Statkraft has developed solar power for the past ten years, and our ambitions are high.

Today, approximately 26% of the world’s power production comes from renewable energy sources. In the future, our society is going to need even more energy, and this will mainly be covered by renewables. Power production is expected to increase with 45% to 75% by 2040. Wind and solar power alone will account for half of this production. Hydro, wind and solar power complement each other and are perfect partners. New battery technology can store electricity, making solar power even more profitable.

Statkraft view solar as part of the renewable energy generationg mix required for Ireland to reach high levels of renewable generation on its electrical system. Statkraft are developing a number of early stage solar developments in Ireland and is interested in partnering or acquiring other solar development assets in Ireland 

Statkraft develops and owns solar power assets in India and the Netherlands, and is looking for opportunities to expand both in Europe and South America. 

Towards number one

As the world’s energy demands continue to increase, solar power will play an ever more important role in the global energy system. A sharp drop in the cost of solar technology coupled with an increasing demand for renewable energy means that solar power is now the fastest-growing energy source in the world.
Man standing beside solar panels
Photo: Ole Martin Wold

Rundedal solar park in the Netherlands

Our solar power ambitions

To meet the increased need for renewable energy solutions we are ramping up as a major solar and wind developer. We have built 1 GW of wind and solar, and have yet another gigawatt under construction. Our ambition is to develop 2 GW of solar power by 2025. 

Solar power is a highly scalable energy source, as solar systems exist in many different sizes, from small plants on rooftops to utility-scale solar parks. Our strategic focus is on the latter type of development.

Read more about our strategic ambitions

Solar panels from underneath
Photo: Ole Martin Wold

How solar plants work

The energy from the sun’s radiations is referred to as solar energy. This energy is received as heat and light and can be converted to various useable forms – the most common being electricity. Photovoltaic cells convert the energy from solar radiations into electricity.

Solar power from Statkraft on Vimeo.