Europe's largest renewables producer scales back wind and solar
Europe’s largest renewable energy producer becomes the latest company to scale back its clean energy expansion targets.
Statkraft, Europe’s largest renewable energy power generator, on Thursday said it was scaling back plans to build new solar and wind plants due to lower electricity prices and high costs.
“The transition from fossil to renewable energy is happening at an increasing pace in Europe and the rest of the world. However, the market conditions for the entire renewable energy industry have become more challenging,” chief executive Birgitte Vartdal said.
