Statkraft and Norfund have completed the restructuring of SN Power to establish a new solid basis for their continued cooperation within renewable energy.
The goal is to develop a leading international hydropower cluster, contributing to sustainable economic growth through profitable investments.
Statkraft is Europe’s largest generator of renewable energy and is the leading power company in Norway. The company owns, produces and develops hydropower, wind power, gas power and district heating.
Statkraft is a major player in European power trading and employs more than 3,600 people in more than 20 countries.
Norfund (the Norwegian Investment Fund for Developing Countries) is owned by the Ministry of Foreign Affairs. The fund contributes to poverty reduction and economic development through investments in profitable businesses and transfer of knowledge and technology.
The current investment portfolio of Norfund totals $1.7 billion invested in 120 different projects.