Search results for: statkraft

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  • Statkraft to Increase Investment in Renewables

    9 February 2015

    Statkraft, a Norwegian state-owned electricity company, reported lower fourth quarter EBITDA of NOK 3486 million (EUR 404 million) compared to the last year’s NOK 3843 million (EUR 445 million). Substantial currency effects resulted in a net loss of NOK 3097 million (EUR 359 million) for this period. “In a quarter where the market was still […]

  • Statkraft Focuses on Making the Best of Existing OW Assets

    4 February 2016
    Business & Finance

    In its Q4 2015 results, Statkraft said it will focus on managing positions in offshore wind to maximise the value of existing assets and projects, as there will be no new investments in offshore wind. Statkraft’s investment capacity has been reduced as a result of a revised dividend policy from the Norwegian State. “As a consequence of the […]

  • 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 Brings in New Recruits for SSOWF O&M

    16 May 2014
    Operations & Maintenance

    Located off the coast of North Norfolk in the UK, the 317MW Sheringham Shoal Offshore Wind Farm (SSOWF) provides enough energy to power almost 220,000 British homes.  It is jointly owned by Norwegian companies, Statoil and Statkraft.  During Spring 2014, Statkraft, with responsibility for Operation and Maintenance of the SSOWF site, has successfully recruited eight […]

  • Statkraft Achieves Profit of USD 521 Million in 4Q 2011 (Norway)

    16 February 2012

     In the fourth quarter of 2011, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 3028 million, compared with NOK 5686 million in the corresponding quarter in 2010. As a result of unrealised changes in value for energy contracts and write-downs on production assets, the posted result after tax was a loss of […]

  • 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 […]

  • 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 […]

  • Norfolk Celebrates Statkraft’s Becoming Operator of Sheringham Shoal OWF

    13 January 2014
    Wind Farm Update

    A reception was held at Wind Farm Place, Wells-next-the-Sea, Norfolk on 9 January 2014 to celebrate Statkraft becoming the Operator of the Sheringham Shoal Offshore Wind Farm, the 88 turbine (317 MW) power plant situated between 9 to 17 miles off the coast of North Norfolk. The two Norwegian companies, Statkraft and Statoil, are owners […]

  • Statkraft Exits Triton Knoll Project

    11 October 2017
    Business & Finance, Wind Farm Update

    Statkraft has continued executing its plan to exit offshore wind and has now sold its stake in the 860MW Triton Knoll project to innogy, thus making innogy the sole owner.

  • Statoil Boosts UK Offshore Wind Presence

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

    Statoil and Statkraft have signed a letter of intent that Statoil takes over as operator of the 317MW Sheringham Shoal offshore wind farm from January 2017. Statoil will also through this deal increase its share in the Dogger Bank projects. Statoil intends to bring its total ownership in the Dogger Bank projects from 25 per cent […]

  • Statkraft to Test 8MW Offshore Wind Turbine on Smøla, Norway

    11 July 2014
    Authorities, R&D, Technology, Wind Farm Update

    Norwegian Ministry of Petroleum and Energy has given the green light to Statkraft for the construction of its planned offshore wind test turbine on the island of Smøla. The turbine will be used to test, qualify and gain operational experience that may be relevant in future offshore wind projects. The turbine has a capacity of […]

  • 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 […]

  • UK: Statoil, Statkraft Acquire Dudgeon Offshore Wind Farm

    17 October 2012
    Wind Farm Update

    Statoil and Statkraft have acquired the Dudgeon Offshore Wind Farm project through the acquisition of all shares in Dudgeon Offshore Wind Limited (DOW), a subsidiary of the UK energy company Warwick Energy Limited.  Following a successful partnership in developing the Sheringham Shoal Offshore Wind Farm off the coast of North Norfolk, Statoil and Statkraft will […]

  • RWE, Statkraft to Jointly Build Triton Knoll Offshore Wind Farm

    13 February 2015
    Business & Finance, Wind Farm Update

    RWE Innogy and Statkraft have signed an agreement to jointly develop the Triton Knoll Offshore Wind Farm, off the east coast of England. The deal will see Statkraft take a 50% stake in the UK wind farm, which has an expected capacity of up to 900MW. The development and construction phases will be delivered by […]

  • Norway’s Crown Prince Opens Sheringham Shoal Offshore Wind Farm (UK)

    27 September 2012
    Wind Farm Update

    Today His Royal Highness, Crown Prince Haakon of Norway will officially open the Sheringham Shoal offshore wind farm built off the coast of Norfolk, the UK, by the owners Statoil and Statkraft.  The Crown Prince will open the wind farm at an official ceremony at historic Holkham Hall in North Norfolk with support from UK […]

  • Statkraft Reports EBITDA EUR 268 Mln

    7 November 2014
    Business & Finance

    In the third quarter of 2014, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of EUR 268 million, compared with EUR 219 million in the corresponding period in 2013. Major currency effects and non-recurring items resulted in a net profit after taxes of EUR 487 million, compared with a loss of EUR 197 million in the third quarter of 2013. […]

  • 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 Readies for Sheringham Shoal, Dudgeon Shares Sale

    14 June 2017
    Business & Finance, Wind Farm Update

    Statkraft is set to commence the formal divestment processes for its 40% share in the Sheringham Shoal and 30% share in the Dudgeon offshore wind farms. The company will commence the sale this month, with an aim to complete the transaction early next year, according to Reuters.

  • Eversheds Sutherland Navigates Through Dogger Bank Deal

    28 March 2017
    Business & Finance, Wind Farm Update

    International law firm Eversheds Sutherland acted for the Forewind consortium as Statoil and SSE increased their shares in the 4.8GW Dogger Bank offshore wind project after acquiring additional stakes from exiting consortium partner Statkraft.

  • Statkraft Releases Q3 Results

    7 November 2013
    Business & Finance

    Statkraft published its Q3 results today, which show that in the third quarter of 2013 the company achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 1867 million, an improvement of NOK 614 million compared with the corresponding quarter in 2012.  Unrealised currency effects resulted in a net loss of NOK 1681 million, compared […]

  • Statkraft to Buy Seagreen Electricity

    8 July 2020
    Business & Finance, Wind Farm Update

    Statkraft has signed a long-term power purchase agreement (PPA) to purchase 50% of the output from the 1,075 MW Seagreen offshore wind project in Scotland. Statkraft said that the deal is the largest in its UK PPA portfolio, which now stands at 10TWhs. “As part of our project financing we required an off-taker with a […]

  • Statkraft to Complete Offshore Wind Exit in Q1 2018

    15 February 2018
    Business & Finance, Wind Farm Update

    Statkraft is expecting to close the divestment in the Dudgeon offshore wind farm in the first quarter of 2018, after which the company will have terminated its offshore wind engagement.

  • Statkraft to Start Divesting Sheringham Shoal, Dudgeon Shares in June

    31 March 2017
    Business & Finance, Wind Farm Update

    After fulfilling one of the prerequisites for the sale of its 40% share in the Sheringham Shoal offshore wind farm by transferring the operator role to Statoil, Statkraft will commence the formal divestment process in June, together with that for its 30% share in the Dudgeon offshore wind farm.

  • Aker Offshore Wind, Ocean Winds, and Statkraft Target Floating Wind Offshore Norway

    5 November 2021
    Contracts & Tenders

    Aker Offshore Wind, Ocean Winds, and Statkraft have signed a collaboration agreement to bid for, develop, construct, and operate a floating offshore wind farm and associated infrastructure for the Utsira Nord license area in Norway. The equal partnership will submit an application to the Norwegian authorities for the development of a commercial-scale floating offshore wind […]

  • Dudgeon OWF Set for Inauguration

    21 November 2017
    Wind Farm Update

    Statoil, Masdar and Statkraft are ready to officially open their Dudgeon offshore wind farm in the UK tomorrow, 22 November.