Statkraft is a hydropower company, fully owned by the Norwegian state. The Statkraft Group is a generator of renewable energy, as well as Norway’s largest and the Nordic region’s third largest energy producer. Statkraft develops and generates hydropower, wind power, gas power and district heating, and is also a player in the international energy markets. The company has some 4200 employees and their headquarters is located in Oslo, Norway. he Norwegian state acquired its first ownership rights to a waterfall when they bought Paulenfossen in Southern Norway in 1895.