Statkraft Plans to Invest Up to $8 Billion in Renewables
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Statkraft AS, Norway’s state-owned power company, said it plans to plow as much as 60 billion kroner ($8.1 billion) into renewable energy around the world in the coming years after the government boosted its funding.
Norway’s parliament on Dec. 11 approved a government proposal to boost the equity of the parent company Statkraft SF by 5 billion kroner, the company said today in a statement on its website. The Ministry of Trade, Industry and Fisheries will also cut the dividend it gets from Statkraft by another 5 billion kroner from 2016 through 2018, it said.