30 Dec '14, 11am

Statkraft to invest billions in renewable energy via @RenewablesNews

Statkraft to invest billions in renewable energy via @RenewablesNews

The planned investments by the company will take place over the next four years. The government’s proposal to inject money into the company was adopted by the Norwegian parliament on 11th December. A reduction in the dividend received by the Ministry of Trade, Industry and Fisheries over the 2016-2018 period will result in an overall equity increase of NOK 10 billion which will enable Statkraft to acquire more capital in the market. This in turn will enable the company to make investments of NOK 60 billion. Statkraft has established a strategy calling for major investments in renewable energy in Norway, Europe and emerging markets in Asia and South America. “Statkraft has a long-term ambition to grow as an international company within clean energy” said CEO Christian Rynning-Tønnesen. “In addition to implementing the investment decisions we have made, we are working on con...

Full article: http://www.renewableenergymagazine.com/article/statkraft-...

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