Statkraft plans £5.2bn green spending spree

Norway’s state electricity company is set for a green spending spree of 60 billion krone (£5.2bn) over the next four years. Statkraft plans for “major investments” in renewable energy in Norway, Europe […]

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By Vicky Ellis

Norway’s state electricity company is set for a green spending spree of 60 billion krone (£5.2bn) over the next four years.

Statkraft plans for “major investments” in renewable energy in Norway, Europe and emerging markets in Asia and South America.

This ranges from hydropower projects in Turkey, Peru’s Andes mountain range and possibly India’s state of Himachar Pradesh, to large wind farms in central Norway and Brazil. Projects include those already begun, such as the Dudgeon offshore wind farm in the UK.

CEO Christian Rynning-Tønnesen said his company has a “long-term ambition to grow” as an international company within clean energy.

He said: “The projects are primarily within hydropower and wind power but we are also exploring opportunities within solar energy and biomass,” according to the company’s website.