Statkraft AS

Statkraft AS is a leading international company in renewable energy and Europe's largest generator of renewable energy. The company's mission is to lead the global shift towards renewable energy. Its headquarters are located in Oslo, Norway.

Statkraft's core business involves the development and operation of power generation assets across various renewable sources, including hydropower, wind power, and solar power. The company also engages in gas-fired power production, biomass energy, and provides district heating. Beyond generation, Statkraft is a significant player in energy market operations, offering energy trading, power purchase agreements (PPAs), and flexibility services to optimize energy portfolios.

Birgitte Ringstad Vartdal assumed the role of President and CEO in April 2024. As Europe's largest renewable energy producer and Norway's largest power generator, Statkraft has recently refined its strategy to prioritize its flexible hydropower fleet, market operations, and solar, wind, and battery activities in Europe and South America. This includes streamlining its portfolio by divesting from certain areas like district heating and hydrogen projects to focus on more profitable near-term technologies. In a notable recent development, Statkraft signed long-term power purchase agreements with Hydro Energi AS in April 2026 to supply electricity to its Norwegian aluminium plants.