Statkraft plans 1.5 to 2 GW of projects annually in Europe

Norwegian state-owned energy company Statkraft, plans to »build an organisation capable of developing and building 1,500 to 2,000 MW of wind, solar and grid service projects in Europe every year.« The company, Europe’s largest producer of renewable electricity largely because of its Norwegian hydropower plants, made the announcement as part of an interim review of its »Powering a green future« strategy launched three years ago.
The strategy’s goal of moving Statkraft forward in wind and solar power as well, and developing projects with a total capacity of 8 GW worldwide by 2025, is expected to be exceeded by more than 1 GW: »This is an important milestone on our way to becoming one of the global leaders in renewable energy.« Globally, Statkraft has developed 1.7 GW of solar projects to date with a project pipeline of 6.4 GW in Europe alone. In wind power projects, 4 GW of onshore projects are under development.
For third parties, Statkraft markets a portfolio of renewable energy plants with 20 GW in Europe, including 12 GW in Germany alone under the Renewable Energy Law and 1 GW via power purchase agreements (PPAs).

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