Search results for: Statkraft

328 results

A list of search results

  • 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 […]

  • 17 December 2015
    Business & Finance, Wind Farm Update

    The development of the Dudgeon Offshore Wind Farm is progressing as planned and the project is not affected by Statkraft’s announcement of reduced investment plans in offshore wind, according to Dudgeon Offshore Wind Limited. Full production is expected in late 2017 as previously announced, the developer said. As Offshore WIND reported yesterday, Norway’s Statkraft released an adjusted investment […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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. […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 5 February 2016
    Authorities, Business & Finance

    Norwegian parliamentary deputy Nikolai Astrup and his fellow Conservative Party members Odd Henriksen and Gunnar Gundersen have proposed partial privatisation of the state-owned energy company Statkraft. Astrup proposes carrying out an IPO to raise capital and help the company to expand further in the international market. “We want a new debate about the ownership of the group. Statkraft […]

  • 31 March 2017
    Operations & Maintenance, Wind Farm Update

    Norwegian energy company Statoil will take over the operatorship of the 317MW Sheringham Shoal offshore wind farm from compatriot Statkraft on Saturday, 1 April.

  • 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 […]

  • 9 October 2015

    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 […]

  • 15 December 2017
    Business & Finance

    UK fund manager Equitix will buy Statkraft’s 40% stake in the 316.8MW Sheringham Shoal offshore wind farm for GBP 558 million, with the transaction expected to be completed by the end of December. 

  • 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 […]

  • 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. […]

  • 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 […]

  • 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 […]