Statkraft, a leading renewable energy company, has revised its investment strategy to enhance focus on Norwegian hydropower, European solar, wind, and battery projects. While continuing to explore opportunities in offshore wind and hydrogen, Statkraft plans to divest its district heating business and seek investors for its biofuels and EV charging companies. President and CEO Birgitte Ringstad Vartdal highlighted the company's competitive advantages and value creation in the renewable energy sector. With a significant portfolio of power plants and development projects, Statkraft aims to make substantial investments, including a record-high amount in 2024. The refreshed strategy emphasizes prioritizing core businesses like hydropower, increasing capacities through major projects, developing solar, wind, and battery storage, and supporting energy market efficiency. Moreover, Statkraft plans to lead in green hydrogen production with a target of delivering 1-2 GW by 2035. The company's strategic shift positions it well to capitalize on the growing renewable energy market and contribute to the global transition towards sustainable energy sources.