Europe’s leading green energy producer, Statkraft, is drastically scaling back its plans for new wind and solar power plants – due to falling electricity prices and rising costs, so reports Germany’s online Blackout News, a leading site for independent German energy news.
According to company CEO, Birgitte Vartdal, market conditions have become more difficult as the company’s ambitious targets for wind energy and solar power are now being called into question.
The new Statkraft target is two to two and a half GW instead of an originally planned 4 gigawatts annually.
“In the offshore wind energy sector, the Group is now planning a total output of six to eight GW. The original target was ten GW,” Blackout News adds. […]
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