STAT KRAFT AS

History

YearDetail
1895 Statkraft AS, a renewable energy generator, was founded in 1895 and is owned by the Norwegian state. It developed from managing Norwegian hydropower resources into a global leader in hydropower, wind power, solar power, and gas-fired power. 
1986 Statkraft spun off from NVE and became a management company under the supervision of the Ministry of Petroleum and Energy. 
1994 Statkraft, Hydro, and Statoil joined forces to create Naturkraft AS, using Norwegian natural gas to produce electricity. 
2013 Statkraft acquired all shares in Devoll Hydropower Sh.A. and decided to start the construction of the Devoll hydropower project, including the two hydropower plants, Banjë and Moglicë.
2018 Statkraft acquired eight hydropower plants in Brazil, positioning the company for further growth in the Brazilian market.
2023 Statkraft acquired the Loch Ness pumped storage hydro project from Intelligent Land Investments Group to expand its existing pumped storage portfolio in the UK, Germany, and Norway.
2024 Statkraft established its largest wind farm outside Europe, the 519 MW Ventos de Santa Eugênia Wind Complex in Bahia, Brazil.
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