Statkraft has announced the appointment of Arnaud Bellanger as managing director of the hydropower division in France. 

In its new strategy, the Norwegian state-owned company defined France as one of the focus markets for its growth ambitions in continental Europe.

"We are very pleased with the recruitment of Arnaud Bellanger, who will take over the Hydropower France Division in mid-November. With a solid experience in the French energy sector, he will be responsible for Statkraft's application for the renewal of France's hydroelectric concessions," said Pieter Schipper, Senior Vice President Continental Energy Management.

Statkraft continues to actively pursue the opportunities of the upcoming French hydropower concession tenders. The aim is to participate in the first call for tenders and to reach critical mass in the upcoming rounds, which means becoming the operator for 1000MW of concessions or more by 2025.

Statkraft has announced global annual investments of around 1 billion euros in the period 2019-2025. The new strategy comprises developing, generating and trading energy, including purchasing and selling renewable power for other companies. The majority of growth will come in Europe. France is defined as one of the focus markets for growth in hydropower, market solutions for customers and project development.