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Statkraft CEO Christian Rynning-Tonnesen
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Statkraft on track for 9GW renewables by 2025

Utility will continue to develop 3GW/yr of renewable capacity after 2025

Norwegian utility Statkraft is on track to develop 9GW of renewable energy by 2025 followed by around 3GW/yr after that point. The firm has 1.2GW of completed capacity and 1.4GW under development, including four solar plants in Spain and a solar farm in Ireland. “Statkraft continues to deliver on the strategy and has decided to construct several solar farms in Europe,” says CEO Christian Rynning-Tonnesen. Statkraft is also bidding with BP to develop offshore wind in the Norwegian North Sea. It will spend around 50pc of its net annual investments in the coming period on the development of wind and solar. It will also invest heavily in hydropower.  Renewables and hydrogen In its Low Emis

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