Norwegian utility Statkraft has unveiled a revised strategy that will see it “significantly ramp up as a wind and solar developer” with ambitions in Europe, India and South America.

The group will also look for new business opportunities in renewables and decarbonisation in Norway and beyond, as the hydro-focused group seeks to combine “flexible hydropower and intermittent onshore wind and solar power to deliver reliable, renewable and cost competitive energy”, said CEO Christian Rynning-Tønnesen.