Statkraft speeds up onshore renewables annual target to 4GW by 2030

• Energy giant Statkraft means to develop 4GW of onshore renewables annually by 2030, an acceleration of its previous 2025 target of 2.5 GW-- 3GW.

By the end of the decade Statkraft aims to have actually established 30GW of renewables capacity which will mostly come from solar PV, wind and battery storage as well as would increase its current annual power generation by 50% to virtually 100TWh annually by 2030.

The updated development technique will certainly be focused on 4 "strategic columns" which are hydropower; accelerating solar, wind and also battery storage; supply market options to consumers and the scaling up of green energy technologies such as green hydrogen, biofuel or electrical lorries (EVs) battery chargers.

Amongst those green energy modern technologies, Statkraft intends to reach 2GW of green hydrogen production capacity by 2030, both by proceeding creating in Nordic markets (Norway as well as Sweden) as well as expanding in more recent markets.

Statkraft just recently collaborated with Aker Horizons with the purpose to discover possible green hydrogen projects in India and Brazil.

"The requirement for renewable resource is boosting dramatically, both to fulfill net absolutely no targets, cover brand-new power consumption in Norway as well as enhance European energy security. Integrated with increased investment capacity, Statkraft is now improving the rate of developing extra renewable energy. As we look in the direction of 2030, we elevate our passions more than ever with dramatically greater growth passions throughout our locations and also modern technologies," stated Christian Rynning-Tønnesen, Chief Executive Officer at Statkraft.

Last May, Statkraft opened its initial large-scale solar PV project in India with the passion to increase its renewables operation in the South Asian nation.

Earlier this year, the Italy department of the company had actually partnered with an Italian university that would certainly check out the potential of agrivoltaics in Europe with a study that will certainly check out the best combination in between solar PV and also agricultural manufacturing.