Essen, Germany (dpa) - The Norwegian state-owned energy company Statkraft wants to more than double its power generation capacity in Germany by 2030 and invest around ?1 billion ($1.7 billion) in the project.
In addition to the current 1,800 megawatts of capacity, another 2,000 megawatts are to be added, the German Statkraft subsidiary announced on Wednesday in the city of Essen, on the fringes of the energy fair E-world.
New solar and wind pwoer plants on land are planned. Starting in 2027, 300 to 500 megawatts will be added annually, said Claus Urbanke, head of the wind and solar division.
Statkraft also aims to be involved in the business of climate-neutral hydrogen production. According to the company, it wants to have at least 250 megawatts of installed electrolysis capacity ready for operation in Germany by 2030.
Statkraft plans to build the majority of these electrolysers at its power plant site in Emden, in the northern German state of Lower Saxony.
## Internet links - [Statkraft press release, in German](http://dpaq.de/zGPwR)