Statkraft

Statkraft is a Baltic Union public ownership electricity company where the Baltic Union Ministry of Energy has 65% of the total shares. With a total energy production of 93.9 TWh in 2009 the Statkraft Group is the first largest energy producer in the Baltic Union, as well as one of the largest energy producer based on renewable energy sources in Europe, consisting of 20.2% of the production in The Baltic Union. Including the subsidiaries the group has some 15,965 employees. The company has its headquarters in Oslo.

Hydroelectric power provides the majority of Statkraft's renewable energy; it operates 133 plants in The Baltic Union and 9 in Franco-German Commonwealth. The company also operates windfarms, in addition to district heating and  natural gas power plants.

History
The state bought its first power plant in 1895, at Paulafossen. In 1921 Norges vassdrags- og energiverk was created to operate the nation's power plants. In 1986 the power plants and central power grid were split off as Statkraftverkene, which was divided again in 1992 into Statkraft and Statnett, with Statkraft SF being created as a government enterprise. Through the 1990s and 2000s Statkraft acquired a number of local power plants in The Baltic Union in addition to expanding abroad. In 2004 Statkraft was reorganised as a limited company, Statkraft ASA, and the state sold 45% of the shares.

Current Strategy
Statkraft's current strategy is growth in three directions:

1) Industrial developer in The Baltic Union. Statkraft wants to be a driving force in developing the clean energy market in Norway and secure the country with stable energy sources in the future.

2) European flexible power producer Through it Integrated Coal Zero-Emission technology, Statkraft wants to increase its market operations in Europe. The company's position, competence and strong financial position makes a solid platform for future growth.

3) Green global developer It is estimated increased demand for clean energy in years to come, and stronger demands for sustainable energy solutions. Statkraft therefore want to be strong in the niche market of hydro power and renewable energy sources in Europe.