Statkraft

Norwaystatkraft.no/energi/kraftverk/norge/statkraft-varme

Owner Investor / Financier Operator Developer Offtaker

projects tracked
6
active
5
countries
2
plants
3

Statkraft is a Norwegian state-owned energy company and Europe’s largest generator of renewable power. Headquartered in Oslo, the group develops, owns, and operates hydropower plants as its core business, and is also active in onshore wind and solar power. Statkraft participates extensively in power markets through generation portfolio management, trading, and origination across multiple European countries and selected markets globally.

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The company supplies electricity to utilities and industrial customers, including via long-term power purchase agreements, and supports electrification and decarbonization efforts in energy-intensive sectors. Statkraft is also involved in enabling emerging value chains such as green hydrogen and ammonia through renewable power supply. Its district heating activities are operated under Statkraft Varme (Statkraft Varme AS), which provides heat from biomass and other sources in Norway and Sweden.

Also known as Statkraft Varme AS and Statkraft Varme.

Projects Statkraft is involved in

chemXplore tracks 6 projects involving Statkraft, of which 5 are active.

  1. 2 projects Announced / Concept
  2. none FEED / Pre-FID
  3. none FID / Sanctioned
  4. 3 projects Under Construction
  5. none Commissioning & Start-up

Besides these 5, the record holds 1 project on hold.

Active projects

Closest to start-up first.

  • Statkraft Fortescue Holmaneset Feasibility green Hydrogen and Ammonia
    Under Construction Norway Ammonia , Hydrogen Owner
  • Statkraft Høyanger K5 and Breidal Hydropower Plants
    Announced / Concept Norway Owner, Operator, Developer
  • Statkraft Mår Hydropower Plant Replacement, Rjukan
    Announced / Concept Norway Owner, Operator, Developer

2 more active projects and the 1 that is completed, on hold or cancelled are in the record. See all 6 in chemXplore →

Expected start-up, by year
0 1 2 2026 2027 2028 2029 2030 2031

1 active project carries no start-up date yet. The dates themselves, per project, are for subscribers.

What moved recently

  • 21 August 2026 Statkraft Høyanger K5 and Breidal Hydropower Plants · Announced / Concept · Norway
  • 29 June 2026 Statkraft Mår Hydropower Plant Replacement, Rjukan · Announced / Concept · Norway

Statkraft in chemical industry news

24 August 2026
Statkraft and Hydro: PPA for 876 GWh/year 2031–2040

Secures 876 GWh/year from 2031–2040 (~8.8 TWh total) with delivery in Norwegian price area NO5; follows April 2026 deals covering 2029–2038.

21 August 2026
Statkraft applies to build new Høyanger K5 and Breidal hydropower plants

Seeks licence to replace K5A/B with larger K5 and Breidal plants, boosting capacity to ~257 MW and output to ~780 GWh without new reservoirs.

10 July 2026
Elkem Q2 2026 results: cost reductions and balance‑sheet strengthening

EBITDA fell on weak silicon prices; raised NOK 1.8bn, refinanced EUR 1bn facility and obtained NOK 750m NIB loan; Elkem Iceland reclassified as discontinued.

29 June 2026
Statkraft proposes new Mår hydropower plant

Licence filed to replace the ageing Mår plant with a larger underground facility that raises output and adds an option for pumped storage.

18 June 2026
Statkraft and Alcoa agree 4.8 TWh supply to secure Lista aluminium plant

About 4.8 TWh of power for 2028–2031 to underpin Lista production after Line 2 restart, supporting the plant’s 95,000 tpa nameplate capacity and further development.

15 June 2026
Statkraft to build Blåfjell Pump into Blåsjø reservoir

Pump will lift water ~60 m into Norway’s largest hydropower reservoir, adding 54 GWh to Ulla‑Førre output; four local contracts awarded totalling NOK 250m.

3 June 2026
Elkem and Statkraft sign seven-year PPA for Bjølvefossen (2031–2037)

Seven-year agreement secures 1,534 GWh for Bjølvefossen (2031–2037), supporting 150 jobs and low‑carbon foundry‑alloy production with 60,000 mt annual capacity.

19 May 2026
Statkraft to invest NOK 80bn in Norwegian hydropower over 10 years

Half for major maintenance; rest for upgrades, new capacity and wind repowering. Nationwide dam reinforcements, turbine and tunnel refurbishments; projects need permits and profitability

Where its projects are

active all projects

Chemical parks it is at

Partners on its projects