News Release from windfair.net
Wind Industry Profile of
12/16/2015
Norway: Statkraft AS - Reduced investment plan means no more offshore wind
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.
- Source:
- Statkraft
- Link:
- www.statkraft.com/...