The move comes amidst slower progress in energy transition due to heightened global uncertainty, rising costs and declining power prices.

The company maintains that the the energy transition is "moving at a slower pace" due to increased global uncertainty, higher ...

Statkraft has narrowed down its focus on fewer markets and technologies as it aims to reduce its expenses by NOK2.9 billion ...

Statkraft will prioritise growth of its core business and optimise its portfolio through selective divestments. The sharpened strategy will prioritise investments in Norwegian hydropower, ...

Statkraft, Europe's largest producer of renewable energy, will further strengthen its core competitive advantages by prioritising its flexible hydropower fleet in the Nordics, industry-leading market ...

Statkraft has consistently maintained a target of an A- rating from S&P and a BBB+ from Fitch. Statkraft remains committed to maintaining these targets.On 18 June, Statkraft announced ...

Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build ...

Investing.com -- Norwegian state-owned utility Statkraft plans to reduce its annual costs by approximately 15% or 2.9 billion crowns ($292 million) by 2027, the company announced Wednesday. The ...

Statkraft AS, Europe’s largest renewable energy generator, plans to divest businesses in a number of countries, as the company seeks to focus on core markets in Europe and South America.

Statkraft bought the assets last year as part of its takeover of energy developer Enerfin, but were immediately marked for divestment, together with units in Canada, Australia and the U.S., with ...

July 2025, Fitch announced a one notch downgrade of Statkraft AS following weakening performance and financial metrics. The ...