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Solar power

The world is embracing solar power on a scale we haven’t seen before; it’s a clean, abundant source of energy bringing benefits at the local and global scale. Statkraft has developed solar projects for over twenty years, and our ambitions remain high.

Solar power is a clean, abundant and inexhaustible source of energy. We develop and own solar power assets, and are looking for opportunities to expand both in Europe, South America and India.

Having acquired solar pioneer Solarcentury in November 2020, our highly skilled solar development team operates across Europe and Latin America with a 10 GWp global pipeline, positioning us as a leading developer in the European solar market. 

Solar power in numbers

  • 45
    Number of solar farms developed
  • 1.7 GWp
    Deployed solar power capacity

Towards number one

As the world’s energy demands continue to increase, solar power will play an ever more important role in the global energy system. A sharp drop in the cost of solar technology coupled with an increasing demand for renewable energy means that solar power is now the fastest-growing energy source in the world. Solar capacity has grown 27 times over the last decade and solar energy is expected to outshine other renewables as the world’s largest source of electricity from 2035, according to Statkraft’s Low Emissions Scenario. In 2050, solar power is expected to account for 38 per cent of global power generation.
Man standing beside solar panels
Photo: Ole Martin Wold

Rundedal solar park in the Netherlands

Our solar power ambitions

To meet the increased need for renewable energy solutions we continue to aim at becoming a leading developer of profitable onshore wind and solar projects. We will take on a significantly larger number of projects, with an annual development rate of ​​​​​​​~2.5-3 GW by 2025.

Solar power is a highly scalable energy source, as solar systems exist in many different sizes, from small plants on rooftops to utility-scale solar parks. Our strategic focus is on the latter type of development.

Read more about our strategic ambitions

Solar panels from underneath
Photo: Ole Martin Wold

How solar plants work

The energy from the sun’s radiations is referred to as solar energy. This energy is received as heat and light and can be converted to various useable forms – the most common being electricity. Photovoltaic cells convert the energy from solar radiations into electricity.

How solar plants work

Find out more about our solar assets

Statkraft is a leading solar developer in the European solar market and plan on growing solar portfolios globally