Norwegian state owned electricity company Statkraft, plans to boost its green investments in the country and the world in the coming years.
The Norwegian parliament agreed on Dec. 11 to boost Statkraft SF’s equity allowing the company to acquire more funding in the market and make investments in renewables totaling US$8 billion, NOK 60 billion, the company announced.
Statkraft has established a strategy requiring major investments in renewable energy in Norway, Europe and emerging markets in Asia and South America, according to the statement from the company.
“Statkraft has a long-term ambition to grow as an international company within clean energy. The projects are primarily within hydropower and wind power, but we are also exploring opportunities within solar energy and biomass,” said CEO Christian Rynning-Tonnesen.
Company’s international investments will include hydro plants in Turkey and Peru, while a major wind power project, one of the largest ever investment of its kind, is being planned in mainland Norway.
The company is also considering projects in India and Brazil, working to develop a 420 megawatt hydro project in India and as well as hydro and wind projects in Brazil.
Since 2010, the company has invested about $4 billion in renewable energy projects globally.
By Zeynep Beyza Karabay
Anadolu Agency
zeynep.karabay@aa.com.tr