Statkraft AS - Agreement on sales of green certificates terminated

23.12.2005 18:12 | stock exchange information

Statkraft has today entered into an agreement to terminate the obligation on the group's operative wind farms to sell green certificates. The Dutch company NUON had undertaken to purchase these certificates from the wind farms for a period of 15 years after each farm went into operations. NUON retains a right to 50 per cent of profits from possible future sales of green certificates from the wind farms. The agreement will give Statkraft an estimated increased net profit of NOK 720 million in the fourth quarter of 2005.
Contact person:
Executive Vice President, Jørgen Kildahl tel: +47 9098 6332