Statkraft AS reduced investment plan (Scandinavian Oil-Gas Magazine)

Statkraft AS reduced investment plan

Published Dec 17, 2015

Statkraft AS has adjusted its investment plan to the new financial terms. 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.

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