Tag: NO0010729478

(Oslo, Norway, 3 June 2026) Statkraft and Elkem ASA have signed a new long-term power purchase agreement (PPA) that secures competitive and predictable electricity supply for Elkem’s plant in Bjølvefossen, Norway. The agreement is for the 2031-2037 period, and the total contract volume is 1,534 GWh.

The agreement supports continued industrial activity, local value creation and sustainable production at Bjølvefossen. The plant employs 150 people and is one of the world’s largest suppliers of foundry alloys, with an annual production capacity of 60.000 mt. Its products are sold primarily in the EU and Asia and are used in sectors such as automotive, construction, renewable energy and defence. They are produced with a carbon footprint of around one-third of the global average.

“We are very pleased to sign yet another long-term power agreement with an important Norwegian industrial company. Long-term contracts at competitive terms help support local jobs and value creation at a time of significant uncertainty and volatility, says EVP Markets in Statkraft, Hallvard Granheim.

“Access to long-term, competitive power agreements is essential to maintain industrial production and jobs in Norway. This agreement with Statkraft strengthens the competitiveness of our Bjølvefossen plant and reflects the close link between energy and industrial development in Norway. It enables us to continue supplying strategic materials to European industry and supporting the EU's security in a turbulent geopolitical context,” says Inge Grubben-Strømnes, Elkem’s SVP Foundry Alloys.

Elkem has a strong portfolio of long-term power contracts in Norway, securing a significant share of its 3.5 TWh annual power consumption at competitive terms. The new agreement further strengthens predictability for the company’s operations and investment planning. 

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(Oslo, 3. juni 2026) Statkraft og Elkem ASA har inngått en ny langsiktig kraftavtale som sikrer konkurransedyktig og forutsigbar krafttilgang til Elkems verk på Bjølvefossen, i Kvam kommune i Vestland. Avtalen gjelder for perioden 2031–2037 og sikrer levering av totalt 1 534 GWh til verket. 

(Montreal, Canada/Oslo, Norway) – Statkraft has signed an agreement to sell Enerfín Canada, its renewables portfolio in Canada, to Atlantica Sustainable Infrastructure Ltd. The transaction includes the team, operating wind farms and a development portfolio.

(Montreal, Canada/Oslo, Norge) – Statkraft har signert en avtale om å selge Enerfín Canada, selskapets fornybarportefølje i Canada, til Atlantica Sustainable Infrastructure Ltd. Transaksjonen omfatter medarbeiderne, vindparker i drift og en utviklingsportefølje.

(Oslo, Norway, 22 July 2025) – Statkraft delivered strong operational performance in the second quarter of 2025, despite lower prices, especially in the northern price areas of Norway and Sweden. Net results were negatively impacted by impairments, mostly due to lower estimated future power prices in certain regions, and currency effects. Statkraft continues to refocus for profitable growth.

(Oslo, 22. juli 2025) – Statkraft leverte sterkt driftsresultat i andre kvartal 2025, tross lavere priser, spesielt i de nordlige prisområdene i Norge og Sverige. Resultatet ble negativt påvirket av nedskrivninger, hovedsakelig på grunn av forventinger om lavere kraftpriser i enkelte regioner, samt valutaeffekter. Statkraft refokuserer for fortsatt lønnsom vekst.

Today 1 July 2025, Fitch announced a one notch downgrade of Statkraft AS following weakening performance and financial metrics. The long-term issuer default rating and senior unsecured rating were lowered from A- to BBB+ with a stable outlook.

The rating change aligns with the company’s long-standing rating targets. Statkraft has consistently maintained a target of an A- rating from S&P and a BBB+ from Fitch. Statkraft remains committed to maintaining these targets.

On 18 June, Statkraft announced an updated strategy, strengthening core activities and competitiveness: 
https://www.statkraft.com/newsroom/news-and-stories/2025/statkraft-strengthens-core-activities-and-competitiveness-following-strategic-review/

Statkraft, Europe's largest producer of renewable energy, will further strengthen its core competitive advantages by prioritising its flexible hydropower fleet in the Nordics, industry-leading market operations – and solar, wind and battery activities in Europe and South America. 

Statkraft, Europas største produsent av fornybar energi, vil styrke kjerneaktivitetene ytterligere ved å prioritere vannkraft i Norden, bransjeledende markedsoperasjoner, samt utbygging og drift av solkraft, vindkraft og batterier i Europa og Sør-Amerika.