On Tuesday, Statkraft revealed its renewable development goals for 2030. The development includes 4 gigawatts (GW) annual growth rate of on-shore wind, solar and battery storage from 2.5 – 3 GW goal in 2025.
Statkraft is a Norwegian hydropower company which generates renewable energy. It develops and manufactures hydro power, wind power, gas power, district heating and solar power.
Currently, Statkraft is aiming to develop 30 GW of new renewable capacity by 2030. Due to this development, Statkraft can increase its power generation to 50% as of now and around 100 TWh per year by the end of the decade.
“We’ve got an ambition to guide the inexperienced shift in Norway and play a big position in Europe”, says chief govt Christian Rynning-Toennesen to Reuters.
And as part of the strategy, the current goal of Statkraft is to start at least 5 major hydropower projects by 2030. Additionally, a certain part of the growth will be related to the development of onshore wind, solar and battery storage.
However, the hydropower company is ambitious to construct offshore wind farms in Norway and Ireland. So by 2030, the hydropower company aims to manufacture 2GW of renewable hydrogen mainly in Norway and Sweden.
