Statkraft AS Overview
Pro stress-test →Statkraft is Europe's largest generator of renewable energy, producing hydropower, wind power and solar power and operating as a global company in energy market operations. The company is fully owned by the Norwegian state. Statkraft operates over 300 power plants globally and trades energy in 20+ countries, positioning itself as a critical infrastructure player in Europe's renewable energy transition.
Strategic Profile
Pro stress-test →The company enters 2026 with a strengthened balance sheet, a more focused portfolio, and a clear strategy for disciplined growth within renewable power generation and market solutions. In 2025, Statkraft divested non-core assets, reduced headcount, and discontinued development of new hydrogen projects and further offshore wind activities. For 2025, production exceeded 70 TWh for the first time, while continued cost reductions and portfolio focus reduced net debt and strengthened competitiveness.
Competitive Landscape
Pro stress-test →Statkraft is Europe's largest generator of renewable energy. The company is Norway's largest and the Nordic region's third largest energy producer. Primary competitors include Vattenfall (Swedish hydropower/renewables), EON (German utility), Fortum (Finnish utility), and emerging renewable-focused competitors like Scatec and Cloudberry in specific markets. Statkraft's state backing, scale, and hydropower asset base create substantial competitive moats.
Industry Context
Statkraft AS operates in Renewable Energy / Hydropower.
Key facts
Founded: 1895 · Headquarters: Oslo, Norway · Employees: 6,200