Statkraft finalises divestment of green hydrogen projects

In May 2025, Statkraft, Europe’s largest generator of renewable energy, announced that it would stop developing new green hydrogen projects across all markets, but would continue to develop its existing mature portfolio of projects in the UK and seek investors to take them into construction and operation.

We have now completed the sale of our UK hydrogen portfolio to Kentron Green Nordic AS, a Norwegian-owned company with a presence in the UK. Kentron Green Nordic AS is part of the group currently developing a portfolio of wind farms and green ammonia projects, including Neptun Glomfjord Green Ammonia and Neptun Tromsø. Statkraft’s share in Grenian Hydrogen has been sold to Foresight and Progressive Energy, the existing partners in the joint venture.

This means that the hydrogen divestment process announced in 2025 is now complete in the UK market.

Market activities related to hydrogen will continue to be part of Statkraft’s portfolio, and Statkraft in the UK will continue to play a key role in helping the global business reach its ambitious investment goals for solar, onshore wind, hydropower, and grid stability services.