Statkraft strengthened its position as one of Europe’s leading renewable energy companies in 2025, achieving record clean power generation, expanding renewable capacity, investing heavily in sustainable infrastructure, and advancing toward its net-zero emissions target. Guided by Tone Skuterud, Executive Vice President, People, Organisation and Sustainability, the company delivered strong environmental, social, and governance performance while accelerating the global energy transition.
“In 2026, we will revise our sustainability strategy to ensure full alignment with our renewed strategic direction and to enable its successful execution across markets and activities,” Statkraft CEO Birgitte Ringstad Vartdal said.
Statkraft Generates Record 72.1 TWh of Renewable Electricity
Statkraft achieved a historic milestone in 2025 by producing a record 72.1 TWh of electricity across its global operations. Renewable energy sources accounted for 95.7 percent of total generation, underscoring the company’s commitment to low-carbon power production and climate action.
Norway remained Statkraft’s largest renewable energy market, generating 51.2 TWh during the year. Across the Nordic region, total renewable generation reached 57.2 TWh. European operations contributed 9.2 TWh, while international assets generated 5.9 TWh, highlighting the increasing contribution of Statkraft’s diversified renewable portfolio across multiple regions.
NOK 18 Billion Invested in Renewable Energy and Sustainable Infrastructure
Statkraft continued to deploy substantial capital toward sustainability-focused growth initiatives. During 2025, the company invested NOK 18 billion in renewable energy projects, infrastructure modernization, and clean energy expansion, according to the Statkraft Sustainability Report 2025.
The company’s investment strategy demonstrated strong compliance with European sustainability standards. A total of 98.4 percent of capital expenditure qualified as taxonomy-eligible under the European Union Taxonomy framework, while 87.5 percent met full taxonomy-alignment requirements. Approximately NOK 15.75 billion was directed toward activities that support climate change mitigation and environmental sustainability objectives.
Installed Renewable Capacity Reaches 21,614 MW Across 20 Countries
Statkraft expanded its renewable energy footprint significantly during the year. Total installed capacity reached 21,614 MW across operations in 20 countries.
The company successfully commissioned 700 MW of new renewable energy capacity during 2025 and approved investments in an additional 722 MW of projects. Construction activity remained strong, with 1,885 MW of renewable projects under development at year-end.
Beyond current construction projects, Statkraft maintained a renewable development pipeline of 22.1 GW, providing substantial growth opportunities and reinforcing its long-term commitment to expanding clean energy generation worldwide.
Hydropower Modernization Drives Additional Clean Energy Output
Hydropower remains a cornerstone of Statkraft’s renewable energy strategy. The company continued investing in modernization projects designed to increase renewable electricity production from existing infrastructure.
The Aura hydropower facility is scheduled to expand capacity from 290 MW to 810 MW, while the Nore hydropower facility is planned to increase from 262 MW to 500 MW. These upgrades will significantly boost renewable generation capacity while maximizing the efficiency and value of existing assets.
By modernizing established hydropower facilities, Statkraft can increase clean energy output without the environmental impacts associated with large-scale new developments.
Strategic Portfolio Transformation Enhances Sustainability Focus
During 2025, Statkraft implemented a major portfolio optimization initiative aimed at strengthening capital efficiency and concentrating resources on core renewable technologies.
The company signed divestment agreements representing NOK 15.8 billion in enterprise value and exited operations in India, Croatia, and the Netherlands. Statkraft also streamlined its growth strategy by discontinuing further development activities in hydrogen and offshore wind.
Future growth investments will focus on four core renewable technologies: hydropower, onshore wind, solar energy, and battery storage. This strategic transformation is expected to generate annual overhead savings of NOK 2.9 billion by 2027 while improving the company’s ability to deliver sustainable long-term growth.
Low Carbon Operations Support Net-Zero Ambitions
Statkraft maintained one of the lowest carbon intensity profiles in the global power industry. The company reported greenhouse gas emissions intensity of only 14.8 grams of CO₂ equivalent per kilowatt-hour generated during 2025.
Direct Scope 1 emissions totaled 1.21 million tonnes of CO₂ equivalent. These results support Statkraft’s commitment to achieving net-zero emissions across Scope 1, Scope 2, and Scope 3 emissions by 2040.
Continued investment in renewable energy generation, operational efficiency improvements, and infrastructure upgrades remains central to achieving this long-term climate objective.
Strong Safety and Governance Performance
Employee safety continued to be a top priority across Statkraft’s global operations. The company achieved zero serious injuries and fatalities during 2025, demonstrating strong operational discipline and workplace safety practices.
The Total Recordable Injury Rate was 2.6 per million hours worked, reflecting continued progress in reducing workplace incidents and strengthening health and safety performance.
Statkraft also maintained high governance standards, with 97 percent of targeted employees completing ethics and compliance training. The achievement reinforces the company’s commitment to responsible business conduct, transparency, and ethical governance.
Diversity and Inclusion Continue to Advance
Statkraft continued strengthening diversity and inclusion across its workforce. Women represented 31 percent of total employees and 32 percent of management positions during 2025.
The company views diversity as a key driver of innovation, organizational resilience, employee engagement, and sustainable business performance. Ongoing efforts to improve gender representation across leadership and operational roles support both social sustainability objectives and long-term talent development goals.
Statkraft Positioned for Sustainable Growth and Energy Transition Leadership
Statkraft’s sustainability performance in 2025 highlights its growing role in the global renewable energy transition. Record renewable generation of 72.1 TWh, NOK 18 billion in sustainability-focused investments, 21,614 MW of installed capacity, 1,885 MW under construction, and a 22.1 GW development pipeline demonstrate the scale of its renewable energy ambitions.
With 95.7 percent renewable generation, 98.4 percent taxonomy-eligible capital expenditure, 87.5 percent taxonomy-aligned investments, emissions intensity of just 14.8 g CO₂e/kWh, and a clear path toward net-zero emissions by 2040, Statkraft is well positioned to deliver long-term sustainable growth while supporting global decarbonization and energy security goals.
SHAFANA FAZAL