369 results found for 'statkraft'

369 results found for 'statkraft'
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  • Statkraft Drops Plan to Bid in Norway’s Floating Wind Tender, Stops Activities in New Offshore Wind Projects

    18 June 2025
    Business & Finance, Fixed-Bottom, Floating Wind

    Statkraft will stop further activities in new offshore wind projects, including the upcoming allocation round for floating wind projects at Utsira Nord in Norway, but will continue the development of the North Irish Sea Array (NISA), the Norwegian company said on 18 June. The move comes as Statkraft seeks to reduce its annual costs by […]

  • Fred. Olsen Seawind-Hafslund Consortium Abandons Utsira Nord Auction Plans

    6 December 2024
    Business & Finance, Business development, Floating Wind

    A consortium comprising Fred. Olsen Seawind and Hafslund has decided not to participate in the Utsira Nord tender, which is planned to be launched in 2025. The partners, who did not provide an explanation for their decision, said they will still consider offshore wind on the Norwegian continental shelf with connections to other countries as […]

  • Statkraft Left Solo as Partners Exit Utsira Nord Partnership

    26 November 2024
    Business & Finance, Business development, Floating Wind

    Statkraft has been left without any bidding partners for Norway’s upcoming 1.5 GW floating offshore wind tender after both Ocean Winds and Mainstream Renewable Power decided to pull out of their partnership. According to a spokesperson from Statkraft, the company “has continued ambitions to become a significant offshore wind player in Norway, even after Mainstream […]

  • ZTT to Supply Cables for 850 MW Chinese Offshore Wind Project

    27 November 2024
    Business & Finance, Cables, Fixed-Bottom, Grid Connection

    ZTT Submarine Cable & System has won two engineering, procurement, construction and installation (EPCI) contracts for the Guoxin Dafeng Offshore Wind Power Project in China. Under the submarine cable EPCI contracts, China’s ZTT will supply 243 kilometres of 35 kV inter-array cables and 185 kilometres of 220 kV export cables to the 850 MW offshore […]

  • Sweden Rejects 13 Offshore Wind Farms, Greenlights Vattenfall’s Poseidon Project

    4 November 2024
    Authorities, Floating Wind, Planning & Permitting

    The Swedish government has rejected 13 applications to build offshore wind farms in the Baltic Sea due to defense concerns while approving one project on the west coast, being developed by a joint venture between Vattenfall and Zephyr. On 4 November, the Swedish government announced that 13 submitted applications to build offshore wind farms in […]

  • Statkraft Plans to Build 2.1 GW Offshore Wind Farm in Sweden

    21 October 2024
    Authorities, Business & Finance, Business development, Fixed-Bottom, Planning & Permitting, Research & Development

    Statkraft has submitted a planning application to the Swedish Ministry of Climate and Economic Affairs for the 2.1 GW Baltic Offshore Delta North offshore wind farm in the Baltic Sea. The proposed offshore wind farm includes up to 105 turbines in an area far out at sea to ensure low to no visibility from land. […]

  • Statkraft to Become the Only Operator of Sheringham Shoal OWF (UK)

    15 August 2013
    Business & Finance, Operations & Maintenance

    Statkraft will take over responsibility as Operation and Maintenance (O&M) operator of Sheringham Shoal Offshore Wind Farm in January 2014. The current operator, Scira Offshore Energy Ltd, will remain as the legal entity while employees will be transferred to Statkraft. The joint venture company is owned 50/50 by Statkraft and Statoil. Both owners of Sheringham […]

  • Two PPAs Signed in the UK

    9 November 2010

    Statkraft has entered into long-term Power Purchase Agreements (PPAs) with two independently owned wind farms in Scotland and Wales. The agreements mark the launch of Statkraft’s Renewable Power Purchase business in the United Kingdom and was announced at the RenewableUK 2010 Conference in Glasgow. Both wind farm projects secured bank debt finance and the agreements […]

  • Dudgeon Offshore Wind Farm Opens for Business

    22 November 2017
    Wind Farm Update

    Statoil, Masdar and Statkraft officially opened the 402MW Dudgeon offshore wind farm in Great Yarmouth, UK, on Wednesday, 22 November.

  • Statkraft Reveals Its Future Role in UK Offshore Wind

    24 March 2017
    Business & Finance

    Norway’s Statkraft is pressing on with the strategy to sell its offshore wind assets; however, the energy company plans to continue to participate as an enabler of the development and operation of offshore wind projects in the UK through entering into power purchase agreements.

  • Norway: Statkraft Elects New Chair of Board

    26 June 2012

    The enterprise general meeting in Statkraft SF has today elected Olav Fjell as the new chair of the board of Statkraft SF. The general meeting in Statkraft AS has then elected Olav Fjell as the new chair of the board of Statkraft AS. The board of Statkraft AS is identical with the board of Statkraft […]

  • Statkraft Hires RES Offshore

    21 May 2015

    RES has signed a five-year framework agreement with Statkraft to provide engineering and project management support to its portfolio of projects. The scope of the partnership covers project management, package management, engineering, engineering management and technical input. The focus is on current UK projects, with the possibility of extending to span a European brief too. […]

  • Norway: Statkraft’s International Trainee Program Open

    30 September 2013
    Training & Education

    Statkraft’s international trainee programme is an attractive opportunity for young candidates at the start of their career. Eight new trainee positions are now open for September 2014. The deadline to apply is 20 October. “Do you want challenging tasks in a company with international growth ambitions? If so, you should apply for a trainee position […]

  • CIP Buys Into Statkraft’s 2.2 GW Irish Offshore Wind Portfolio

    17 January 2023
    Business & Finance, Wind Farm Update

    Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure IV K/S (CI IV) and Statkraft have signed an agreement which will see CIP acquiring 50 per cent in Statkraft’s offshore wind portfolio in Ireland. Under the deal, the financial terms of which have not been disclosed, CIP will hold half of the stake in up to 2.2 […]

  • Statkraft to Invest EUR 10 Mln Annually in Energy Start-Ups

    19 May 2015
    Business & Finance

    Statkraft has established a venture capital unit. Statkraft Ventures GmbH will invest up to 10 million EUR per annum in energy related start-ups. Dr Matthias Dill has been appointed as the unit’s managing director. “Statkraft has been a relevant player in shaping the rapid change of energy markets and aims to continue this role in […]

  • Wind Powers Statkraft’s Business

    15 May 2014
    Business & Finance

    Statkraft’s Q1 financial results have shown that the company’s wind power business had significantly contributed to solid performance at the beginning of 2014. In the first quarter of 2014, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of NOK 3836 million, compared with NOK 4180 million in the corresponding period in 2013. The net […]

  • Statkraft Setting Stage for Offshore Wind Brexit

    9 September 2016
    Business & Finance, Operations & Maintenance, Wind Farm Update

    Norway’s Statkraft is preparing a possible divestment of its shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects.  The revised strategy follows the announcement in December 2015 that Statkraft would make no new investments in offshore wind. Preparations for the divestment will be carried out in […]

  • Statkraft Welcomes Major Offshore Wind Investment

    25 March 2014

    Reacting to the Siemens’ announcement regarding the decision to invest £160 million in wind turbine production and installation facilities in Yorkshire, while at the same time Associated British Ports (ABP) is investing a further £150 million in the Green Port Hull development, Bjorn Drangsholt, Statkraft UK Managing Director, said: “Statkraft welcomes the announcement to construct two […]

  • Statkraft Teams Up with Grantham Research Institute

    9 October 2015
    R&D

    Statkraft is supporting a new policy research programme at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science. The new programme of policy analysis will focus on the transition to the low-carbon economy and will contribute high quality independent analysis to support and inform the […]

  • Statkraft Starts Preparing Offshore Wind Exit

    28 October 2016
    Business & Finance, Operations & Maintenance, Wind Farm Update

    Norway’s Statkraft has started preparations for the divestment of its offshore wind assets which include the company’s shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects in the UK. A divestment of all shares in Sheringham Shoal requires Statkraft to transfer its operatorship. Statkraft and Statoil already signed a […]

  • Statkraft to Invest EUR 1.13 Bln in Renewables

    8 December 2014
    Authorities, Business & Finance

    The Norwegian Government has proposed to strengthen the equity in Statkraft SF with NOK 10 billion (EUR 1.13 billion). This will be achieved through an equity contribution of NOK 5 billion (EUR 5.68 billion). The remainder of the strengthening will be realized through reductions in future dividends. “We are very pleased with the Government’s support […]

  • Statkraft Says No More New Offshore Wind Projects

    16 December 2015
    Business & Finance

    Statkraft AS will no longer invest in new offshore wind projects, the Norwegian utility said in its adjusted investment plan today. The Oslo-listed company said that the new investment plan was adjusted ”to balance the goal of profitable growth within renewable energy with Statkraft’s financial solidity.” “Offshore wind power is capital intensive. The reduced financial terms […]

  • Statkraft Plans Multibillion Investment in Renewables

    22 December 2014
    Business & Finance

    Over the next four years, Statkraft is planning green investments both in Norway and abroad. A proposal by the Norwegian Government to bolster Statkraft SF’s equity by NOK 5 billion (around EUR 552 million) was adopted by the Norwegian Parliament on December 11, 2014. The Ministry of Trade, Industry and Fisheries will also reduce its overall […]

  • K2 Management, Xrgia to Develop Quality Management System for Statkraft

    19 June 2014
    Business & Finance

    Norwegian Xrgia and Danish K2 Management have together landed a contract for the Norwegian utility, Statkraft. Winning a bid contest, the two consultancy companies will in a joint team establish a Quality Management System for Statkraft’ offshore wind operations. Over the years, Xrgia and K2 Management have worked for Statkraft several times, where Xrgia has been […]

  • Norway: Offshore Wind Makes Positive Contribution to Statkraft’s Q2 Results

    15 August 2013
    Business & Finance

    In the second quarter of 2013, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 2555 million, an improvement of NOK 190 million compared with the corresponding quarter in 2012. Unrealised currency effects resulted in a net loss of NOK 908 million, compared with a net profit of NOK 2443 million in the […]

  • Norway Has Opportunity to Participate in Global Energy Transition, Statkraft Says

    27 August 2013

    At a summer seminar at Statkraft’s Lilleaker head office, the President and CEO presented the company’s plans for the future, including a stronger international focus. “Norwegian expertise and solidity are highly sought-after assets. We now have a unique opportunity to participate in the global energy transition,” Statkraft President and CEO Christian Rynning-Tønnesen stated Thursday. “We […]