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Statkraft is a state-owned energy company that generates electricity from renewable sources. It operates and owns power plants, including hydropower, wind, and solar facilities worldwide, and sells the electricity produced to markets and customers. Unlike many competitors, it remains wholly owned by the Norwegian state and has never had an IPO, which shapes its long-term, public-sector backing. Its portfolio spans Europe, South America, and Asia, with a history rooted in Norway’s hydropower development. The company aims to be a leading provider of environmentally friendly energy in Europe and to expand its renewable generation globally through reliable, large-scale projects.
Industries
Government & Public Sector
Energy
Company Size
1,001-5,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$1.4B
Headquarters
Oslo, Norway
Founded
1895
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Total Funding
$1.4B
Above
Industry Average
Funded Over
3 Rounds
Hybrid Work Options
Vestas secures order with Statkraft Peru for new wind project. By Energy Global - August 15, 2026 - 2 min Power Plant Statkraft Peru, a leading renewable energy generation company and subsidiary of the Norwegian state-owned company Statkraft, has selected Vestas for the development of the 72 MW Emma wind farm in Peru, located in the Piura region. This project marks Vestas' return to the Peruvian market with its 4 MW platform and reinforces both companies' commitment to the energy transition and the country's sustainable development. Under this contract, Vestas will be responsible for the supply and installation of 16 V163-4.5 MW wind turbines, with a hub height of 119 m. Delivery of the main components is scheduled for 2Q27, while turbine commissioning is expected in 1Q28. "We are very proud to support Statkraft in the development of the Emma wind farm. This project reinforces our confidence in Peru's growth potential as one of the most attractive renewable energy markets in the region. Wind energy will continue to play a key role in diversifying the country's energy mix, delivering competitiveness, security, and long-term sustainability. We remain committed to supporting the development of Peru's energy sector with cutting-edge technology, local expertise, and solutions that create value for our customers and the local economy," said Andrés Gismondi, Vice President of Sales at Vestas for the Southern Cone and Northern Latin America. Recent Comments
Statkraft secures planning consent for Scottish battery expansion. By CEP Staff - 12 August 2026 in News Statkraft has secured planning consent for a second 100 MW battery energy storage system at its Coylton Greener Grid Park in East Ayrshire, Scotland. Not already a subscriber? As a subscriber, you have reached this page because you are not logged in.
HiTHIUM Powers Statkraft's Spanish Wind Farm with 30.1MWh BESS. Navarra, Spain, July 28th - Energy storage provider HiTHIUM has secured an agreement to supply containerized battery energy storage systems (BESS) and ongoing technical services to Statkraft, a major European renewable energy producer. The deal includes six ∞Block units, each rated at 5.016MWh, along with power conversion systems sourced from a Spanish manufacturer, delivering a turnkey configuration aimed at high-density storage and grid-scale dependability. The total capacity of 30.1MWh will be installed at Statkraft's Montes de Cierzo Wind Farm in northern Spain, where the batteries are expected to smooth power output, supply ancillary services such as frequency regulation, and perform peak shaving and valley filling to boost the utilization of wind-generated electricity. "This project marks an important step in Statkraft's energy storage development in Spain, and our collaboration with HiTHIUM has been a positive part of that process. Pairing battery storage with wind generation allows us to make better use of renewable output, add flexibility, and support a more resilient grid," said José Miguel Ferrer Rodriguez, Statkraft's Country Manager for Iberia. "This is our first project in Navarra, and we are proud to partner with Statkraft on the region's significant Montes de Cierzo initiative," commented Kelson Li, Vice President of HiTHIUM Europe. "Working with a top European producer and earning their confidence in our technology is an important achievement for HiTHIUM in Europe. Supporting Navarra's clean energy targets also gives us a meaningful entry into the Iberian power market." The ∞Block units use liquid cooling to manage thermal conditions, helping maintain stable performance in the region's climate, where summer temperatures can exceed 40°C and winter lows approach freezing. Improved thermal regulation is expected to extend battery life and allow for a more compact container arrangement. The systems incorporate HiTHIUM's prismatic 314 Ah LPF cells, which offer a high cycle lifespan. Manufactured and tested at HiTHIUM's facilities, the units benefit from rigorous quality control processes aimed at ensuring long-term reliability. The Montes de Cierzo wind farm, located in Tudela, Navarra, was originally commissioned in 2000 and supplied power to more than 41,000 households. It is currently undergoing repowering: the first phase, completed in spring 2026, replaced 44 older turbines with ten new units, while the second phase will introduce battery storage and exchange the remaining 41 turbines for four new ones. During phase-one dismantling, Statkraft reports that nearly all materials were reused or recycled, including close to 2,000 tonnes of steel, along with aluminium, copper, fibreglass, and various other components. Despite a sharp reduction in turbine count, Statkraft expects to raise the site's total capacity from 60MW to 90MW, with annual generation projected to roughly double to approximately 300GWh. Pub Time: 2026-07-31 09:41:01 >> News list Contact Details LiFePO4 Batteries and LiFePO4 Cells Supplier - LiFePO4 Battery Contact Person: Miss. Elsa Liu | WhatsApp: | +8617763274209 | | Skype: | +8617763274209 | | WeChat: | 17763274209 | | Email: | [email protected] |
Statkraft reported strong second quarter results for 2026, driven by significantly higher Nordic power prices. The Norwegian energy company posted an underlying EBITDA of NOK 6.6 billion, up from NOK 4.5 billion in the same period last year. Power generation reached 15.1 TWh, slightly down from 15.2 TWh previously, with hydropower production in Norway falling 0.8 TWh due to tighter hydrological conditions. Profit before tax was NOK 2.1 billion, compared to a loss of NOK 5.1 billion the previous year. The company completed strategic divestments and remains on track with planned cost reductions. Statkraft announced new investment decisions, including hydropower upgrades in Norway and solar projects in the UK and Ireland.
DHL Group broadens its energy portfolio through onshore wind partnership with Statkraft. Bonn, July 16, 2026: Statkraft, one of Europe's leading power purchase agreement (PPA) providers, and DHL Group, the world's leading logistics company, have signed a long-term PPA for renewable electricity from an onshore wind farm in northern Germany that was commissioned in 2025.[1] Under the ten-year agreement, which began in February, Statkraft will supply around 35 GWh of renewable electricity annually, covering roughly 8% of DHL Group's current electricity demand in Germany. The electricity is generated by the newly constructed Sollwitt-Pobüll onshore wind park in Schleswig-Holstein, which has an installed capacity of 13.2 MW. This agreement marks another important step in DHL Group's decarbonization journey in Germany. As the company's first long-term onshore wind PPA in the country, it broadens DHL Group's renewable procurement beyond offshore wind and supports the diversification of its renewable energy supply. By sourcing renewable power directly from a project outside Germany's EEG subsidy scheme, the company strengthens the resilience of its energy supply, reduces its environmental footprint, and contributes to the further expansion of renewable capacity. "This agreement is an important milestone for our energy strategy in Germany," said Anna Spinelli, Chief Procurement Officer and Head of Mobility at DHL Group. "By adding our first onshore wind PPA, we are strengthening the resilience of our energy supply and directly supporting new, renewable capacity in Germany. Together with our offshore PPAs, this takes us another major step closer to decarbonizing our operations." [1] The contract was signed with Deutsche Post AG, the German legal entity of DHL Group, and the renewable electricity will supply both Deutsche Post and DHL operations across Germany. By partnering with DHL Group, Statkraft is expanding its renewable energy solutions into the logistics sector. The agreement strengthens the Norwegian energy group's position as a leading provider of tailored PPA models and a reliable partner for major industrial customers. "With its energy requirement, the logistics industry is a key player in the energy transition. We are delighted to have DHL, one of the world's leading players in this industry, as our partner," said Patrick Koch, Head of German Origination at Statkraft. "Our PPA model combines several advantages: long-term price security, access to renewable electricity from new wind turbines, and a tailor-made solution adapted to DHL Group's specific preferences." The contract with Statkraft complements DHL Group's offshore PPAs in Germany. By adding onshore wind to its portfolio, DHL Group now sources renewable energy from multiple technologies and partners, enhancing local sourcing, strengthening supply security, and ensuring long-term price stability. DHL Group is the world's leading logistics company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees, investors and green logistics worldwide. To this end, DHL Group is focusing on accelerating sustainable growth in its profitable core logistics businesses and Group growth initiatives. The Group contributes to the world through sustainable business practices, corporate citizenship, and environmental activities. By the year 2050, DHL Group aims to achieve net-zero emissions logistics. DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel, express, freight transport, and supply chain management services as well as e-commerce logistics solutions. Deutsche Post is the largest postal service provider in Europe and the market leader in the German mail market. DHL Group employs approximately 584,000 people in over 220 countries and territories worldwide. The Group generated revenues of approximately 82.9 billion Euros in 2025. The logistics company for the world. About Statkraft Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, and gas-fired power. Statkraft is a global company in energy market operations. Statkraft has around 6,200 employees in 20 countries.
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Industries
Government & Public Sector
Energy
Company Size
1,001-5,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$1.4B
Headquarters
Oslo, Norway
Founded
1895
Find jobs on Simplify and start your career today