Statkraft to invest millions of euros in turbines and solar panels

The state-owned Norwegian energy giant has a new investment strategy and will spend millions of euros on new investments in the coming year.

Norwegian utility Statkraft will invest billions of Norwegian kroner in wind and solar power over the coming year and will upgrade its investment program to NOK 10 billion (EUR 1. 05 billion) over the 2019 - 2025 period, announced the state-owned utility Wednesday.

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

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