Statkraft accelerates renewables growth

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Statkraft has updated its growth strategy within renewable energy with new, more ambitious targets towards 2030. The strategy increases the annual growth rate for onshore wind, solar and battery storage from 2.5-3 GW in 2025 to 4 GW in 2030.

At the same time, growth ambitions for hydropower, offshore wind and green hydrogen are increased. In total, Statkraft aspires to have developed 30 GW new renewable capacity by 2030. That could increase Statkraft’s annual power generation by up to 50 percent from today, to around 100 TWh per year by the end of the decade. 100 TWh equals almost three times the annual power consumption of Denmark. “The need for renewable energy is increasing sharply, both to meet net zero targets, cover new power consumption in Norway... ... More: Official Press Release Statkraft

Keywords:

Statkraft, strategy, growth, renewable energy, Corporate Management, target, increase, onshore, wind, solar, battery. GW