Statkraft, a leading renewable energy company, has announced a strategic shift to focus its investments and organization on fewer countries to build scale and strengthen competitiveness. The company remains committed to its ambitious growth targets, prioritizing investments in Norwegian hydropower and global market operations, with a focus on solar, wind, and battery storage. Additionally, Statkraft aims to play a role in offshore wind in Northern Europe and green hydrogen development as the market evolves. As part of this strategy, the company plans to divest its onshore wind, solar, and battery business in the Netherlands and Croatia, while gradually divesting assets in India to concentrate on markets in the Nordics, Europe, and South America. The company's goal is to capitalize on the cost competitiveness of renewable energy amid geopolitical tensions and inflation, driving growth opportunities worldwide. To support this vision, Statkraft will introduce a new organization by 2025, with a focus on Technology and Project Delivery to enhance construction project efficiency and leverage digital transformation. The restructured organization will comprise geographical business areas including Nordics, Europe, and International, alongside a new Technology and Project Delivery business area. Statkraft will also discontinue the New Energy Solutions business area, redistributing its responsibilities to other units. The strategic development will be supported by a new group management team that includes key executives responsible for finance, markets, Europe, corporate development, and technology and project delivery. The company remains optimistic about its future growth prospects, with a strong focus on sustainable energy solutions and market expansion. Statkraft aims to maintain its position as Europe's largest renewable energy producer and strengthen its presence in high-potential markets while aligning with its net-zero future goals.