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Our strategy
For over a century, we’ve delivered clean, reliable power. Today, we continue that mission; being a competitive and integrated renewable energy company, at the forefront of the energy transition.
The energy transition is still moving forward. But the strategic landscape has become more complex and ambiguous, bringing both challenges and new opportunities. The need for flexibility and competitiveness is greater than ever.
We contribute to the green transition by developing, operating and owning renewable energy assets, strengthening security of energy supply, and enabling well-functioning energy markets. Through our activities, we support economic development, reduce emissions, and help ensure a stable and affordable energy supply in the countries where we operate.
Going forward, we will strengthen our core as well as our competitiveness, and focus our efforts on what we do best. We invest where we have competitive advantages. And we create value by developing, operating and owning renewable energy assets and by delivering market solutions that support the energy transition.
Our strategy is shaped by three ambitions:
A competitive developer of renewable assets
Prioritising:
- Hydropower development in the Nordics
- Development of solar, onshore wind, and battery and grid services in the Nordics, Europe and South America
- Following our market-centric approach to identify the best projects and ensure cost competitiveness in all our activities
A value-maximising owner and operator of our asset fleet
Prioritising:
- Strategically owning and developing a balanced and diversified portfolio of flexible and intermittent assets, catering to future market needs. Primarily hydropower, onshore wind, solar and battery and grid services
- Delivering top-performing market solutions to our assets, including energy and asset exposure management
- Continuing safe and secure operations
- Delivering cost-efficient operations and maintenance
- Being an active owner of our industrial ownership portfolio
An industry-leading provider of market solutions
Prioritising:
- Further strengthening our industry-leading trading and origination business
- Helping both energy producers and consumers manage market risks through tailored hedging solutions
- Continuously adapting our offering to evolving customer needs and new market entrants
What we need to succeed – Our strategic enablers
1. Industry-leading market understanding
We build on our deep understanding of energy markets and customer needs to identify and capture value across development, operations and trading.
2. Continuous drive for cost competitiveness
We drive down costs and increase efficiency across all activities, from project development to operations, by simplifying and improving to drive productivity.
3. Engaged and efficient organisation
We build and ensure a strong performance culture and reduce unnecessary organisational complexity, empowering our people to take better and faster decisions.
4. Accelerated digitalisation and use of AI
We accelerate the deployment of digital technologies and AI to boost productivity and, in selected areas, build industry-leading capabilities.
Our strategic fundament: what we never compromise on
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Safety, security and sustainability
We are committed to a safe and healthy workplace, to secure operations. Sustainability is integrated in our strategy, decisions and how we work.
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Our values
We act responsibly, we grow together, and we make an impact
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Financial robustness and resilience
We will always prioritise our financial solidity and credit rating
Looking ahead
This strategy sets a clear direction for Statkraft in a more complex and ambiguous energy market. We will focus our efforts where we are strongest, invest where we can create the most value, and run our operations with discipline and long-term perspective.
In the years to come, we will:
- Invest in selected markets and technologies where we have a competitive edge
- Strengthen our financial performance by prioritising profitability and cash flow
- Continue to deliver reliable, renewable energy and market solutions that support the energy transition
Even as the world changes, our role remains clear: to be a leading force in renewable energy, creating value for our owner, our partners, and society.