Statkraft, Norway's leading renewable energy company, is undergoing a strategic review to enhance its asset portfolio and concentrate on core activities. The reorganization involves divesting certain divisions and increasing investments in hydropower, solar energy, wind power, and battery storage solutions in Europe and selected international markets. The decision was influenced by the evolving market conditions that are becoming more challenging and competitive. In response, Statkraft plans to sell its district heating business and seek investors for its biofuel subsidiary and electric vehicle charging company to redirect resources to sectors with more promising growth opportunities. In Norway, Statkraft will continue to heavily invest in hydropower, with plans for major capacity upgrade projects. The company also aims to bolster its capabilities in solar, wind, and battery power, with specific annual development targets set for each sector. Additionally, Statkraft intends to play a larger role in offshore wind power in Northern Europe, with ambitious development targets for the coming years. Moreover, the company is venturing into green hydrogen industrial development, aligning its delivery targets with the evolving energy landscape. Market challenges such as falling energy prices, escalating costs, delayed regulations, and geopolitical uncertainties have prompted Statkraft to adapt its strategies to optimize resources and enhance competitiveness. Industry experts view these changes as essential responses to the prevailing economic and geopolitical circumstances. Statkraft's CEO, Birgitte Ringstad Vartdal, highlights that this realignment will maximize value creation and leverage the company's competitive strengths. Looking ahead, Statkraft remains focused on growth by emphasizing clean flexibility through hydropower, expanding in solar, wind, and battery storage, providing green market solutions, and developing new green energy technologies. This approach positions the company to meet increasing market demands and reinforce its position in the renewable energies sector. The strategic review aims to equip Statkraft for sustainable growth by optimizing capital allocation and concentrating on the most promising opportunities. By aligning its efforts with market realities and enhancing its core competencies, Statkraft is well-positioned to navigate the dynamic energy landscape successfully.