Norwegian energy company Statkraft has announced plans to divest its renewable energy and battery storage projects in Croatia, along with assets in the Netherlands and India. This strategic move aims to redirect efforts toward markets with higher growth potential.
In May, Statkraft completed the acquisition of various wind, solar, and battery storage projects from French company Neoen in Croatia, expressing its intent to accelerate growth in this sector. However, in June, the company unveiled a revised strategy that shifted its focus and set less ambitious goals in solar energy, onshore and offshore wind, battery storage, and hydrogen.
Earlier this week, Statkraft confirmed its decision to sell its onshore wind, solar, and battery operations in Croatia and the Netherlands, as well as hydropower and solar production assets in India. The company is now prioritizing markets with strong potential in the Nordic region, Europe, and South America.
In Europe, Statkraft plans to reinforce its position in renewable energy by optimizing its portfolio to enhance scale, strength, and profitability in high-potential markets. The company will concentrate on investments in hydropower in Norway and continue its global market operations. Additionally, it aims to gradually develop an industrial role in offshore wind power production in Northern Europe and invest in green hydrogen production.
Outside Europe, Statkraft is shifting its focus to South America, where it sees significant opportunities for expansion and the application of its core competencies.
