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Statkraft to Invest in German Wind, Solar and Hydrogen Capacity

By 2030 it aims to operate an overall 2,000 MW of German wind and solar capacity, expanding to an existing 1,800 MW power plant portfolio that consists of gas-fired plants.

May 25, 2023. By EI News Network

Statkraft plans to expand its German wind and solar electricity and renewable hydrogen assets in the years to 2030, with investment in wind and solar potentially overall of USD 1.1 billion.

Stefan-Joerg Goebel, Germany’s country manager, stated it plans to progress and construct between 300 and 500 megawatts (MW) of wind and solar power capacity yearly in Germany each year from 2027.

By 2030 it aims to operate an overall 2,000 MW of German wind and solar capacity, expanding to an existing 1,800 MW power plant portfolio that consists of gas-fired plants.

In the hydrogen field, Statkraft proposes to have around 250 MW of electrolysis plant capacity - which can switch green power into zero-carbon hydrogen prepared for manufacturing in Germany by the year 2030.

Helge-Juergen Beil, the organisation’s vice president for hydrogen in Germany, added a final investment decision would be made by the end of this year, depend on the availability of permits and subsidies.

Moreover, a 200 MW electrolysis plant was envisioned at Emden, where water supply and access to existing energy grids in the location sites.

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Renewable hydrogen assets

Potential storage capacity