(Oslo, 24 November 2009) Today Statkraft opens the world’s first osmotic power prototype. The official opening will be conducted by Her Royal Highness Crown Princess Mette-Marit of Norway.
Christian Rynning-Tønnesen has been appointed the new President and CEO of Statkraft. He will follow Bård Mikkelsen who will step down in accordance with his contractual agreement.
(Oslo, 12 November 2009) Statkraft's underlying profit before tax was NOK 6668 million in the first three quarters of the year (NOK 8419 million) , and NOK 888 million in the third quarter (NOK 1698 million). The year-to-date underlying profit after tax was NOK 3559 million (NOK 5205 million), and NOK 233 million (NOK 693 million) for the quarter. The result is influenced by lower power prices than last year. The Group will now implement measures to adapt to the weaker market outlook and the company’s capital situation.
Tata Power and SN Power announce exclusive partnership agreement to set up Joint Ventures to develop hydropower projects in India and Nepal
(Mumbai, 30th October) Tata Power, India’s largest integrated private power utility, and SN Power, Norway’s fast-growing international renewable energy company, signed an exclusive partnership agreement to develop joint hydropower projects in India and Nepal. This is the first time that Tata Power has entered into an exclusive partnership with another hydropower company.
On Tuesday, 24 November, Her Royal Highness Crown Princess Mette-Marit of Norway will be opening the world’s first osmotic power plant at Tofte, outside Oslo.
(Hamburg, 24 September 2009) Solar Utility SpA signed an agreement with Norwegian state-owned energy company Statkraft AS to develop and transfer eight solar power projects totaling almost 20 MW in the Italian region of Puglia. This first transaction signals an ambition to develop a powerhouse in renewable energy in Italy between the parties.
(Trondheim, 16 September 2009) Trondheim Energi and TrønderEnergi have today agreed on principles for a power distribution grid merger in the county of Sør-Trøndelag. The companies will start commercial negotiations with the intension of merging the grid operators Trondheim Energi Nett and TrønderEnergi Nett.
Catamount Energy Limited (CEL), a partnership between Statkraft and Duke Energy has received consent from the Scottish Government to build Berry Burn wind farm. The wind farm consists of 29 wind turbines with a maximum installed capacity of 78.3 megawatts and will be located on the slopes of Carn Kitty and Carn Ghiubhais, approximately 12 km south of Forres, in the Moray Council area.
The Swedish forestry and timber product company Södra and the Norwegian energy company Statkraft have signed an agreement of intent on renewable energy valued at up to SEK 10 billion (Euro 1 billion). The agreement initiates a range of investment projects and cooperative agreements in the energy sector.
Statkraft and Elkem have entered into an agreement to build an energy recovery facility at the Elkem Thamsavn plant at Orkanger in Sør-Trøndelag county.
The Statkraft Group’s gross operating revenues rose by 8 per cent in the six months to 30 June. The increase is primarily attributable to earnings from the power plants acquired from E.ON AG at the turn of the year. The rise in revenues was, however, less than expected owing to the sharp fall in German electricity prices compared with first-half 2008. Lower gas power production in Germany coincided with a fall in earnings from Norwegian hydropower, bringing about a weaker underlying result.
Junior Achievement-Young Enterprise (JA-YE Norway), CARE and Norwegian Church Aid to receive million kroner support from the Statkraft Fund
Statkraft has awarded Ungt Entreprenørskap (Junior Acheivement – Young Enterprise (JA-YE Norway), CARE and Norwegian Church Aid a total of NOK 3 million from the Statkraft Fund.
Today, Hilde M. Tonne and Bertil Tiusanen were elected by the general meeting to serve as new members on the Statkraft board of directors. Egil Nordvik and Aud Mork are stepping down from the board.
Statkraft is constructing its first solar park. The power plant is being constructed in the Latina region, 60 kilometres to the south of Rome, and will be completed in 2009.
The world needs to agree on an ambitious climate agreement to avoid further serious climate change. That was the message from the participants at the Ny-Ålesund Symposium. The symposium is sponsored by Statkraft.
The Bern Convention secretariat will investigate whether Norway is in breach of international commitments due to the construction of the Smøla wind farm in Møre og Romsdal county, focusing on concerns in connection with sea eagles.
Renewable forms of energy, such as hydro and wind power, is far more popular with Norwegians than fossil energy production, even with CO2 handling, according to the TNS Gallup Climate Barometer.
The Group posted an operating profit, adjusted for unrealised changes in value and material non-recurring items, of NOK 3 943 million in the first quarter of 2009 (NOK 3 838 million). This represents an improvement of 3% compared with the same period in 2008. The improvement in the operating result is primarily attributable to an increase in production as a result of the acquisition of new assets, while the average Nordic system price was on a par with the previous year. Adjusted for unrealised changes in value and material non-recurring items, the underlying profit after tax amounted to NOK 1 786 million (NOK 2 943 million). The interim financial statements are impacted by large unrealised changes in value. Unadjusted for these items, the accounting profit after tax was NOK 2 723 million (NOK 3 803 million)1.
Today, WWF-Norway and Norwegian energy company Statkraft announced a collaboration which aims to curb global warming through the increased use of renewable energy.
StatoilHydro and Norwegian power utility Statkraft join forces to develop the 315 MW Sheringham Shoal Offshore Wind Farm off the coast of Norfolk in the UK.
Statkraft has invested approximately NOK 45 million in Atlantis Resources, one of the world's leading developers of tidal power. The investment, through a private placing, gives Statkraft a minority holding in Atlantis and is part of Statkraft's commitment to tidal power as a new and promising form of renewable energy.
The international energy companies Statkraft, E.ON and ScottishPower have underlined their commitment to meeting the climate challenges by joining SOLVit - a pioneering R&D programme into carbon capture technology, led by Aker Clean Carbon, the Norwegian CO2 technology company. The R&D institute Sintef and the university NTNU are selected research partners.
(Istanbul/Oslo, 18 March 2009) Statkraft AS and Global Investment Holdings, a Turkish diversified holding company, have signed an agreement to transfer hydropower projects to Statkraft. Under the agreement Statkraft acquires Yesil Enerji, a company with controlling interests in seven hydropower projects in Turkey. The potential of the project portfolio is an annual generation capacity of more than 2 TWh. The agreement is Statkraft’s first in Turkey.
Four leading international energy companies have joined forces to bid to win exclusive rights to develop wind farms under the terms of Zone Development Agreements (ZDAs) as part of The Crown Estate’s third licence round for UK offshore wind farms (Round 3).
Statkraft – fourth quarter and preliminary financial statements for the 2008 financial year - Best ever year-end result
(Oslo, 26 February 2009) Statkraft made a net profit of NOK 33,262 million in 2008 (NOK 6,632 million) , while its underlying net profit came to NOK 8,097 million (NOK 7,030 million). The Group made a net profit in the fourth quarter 2008 of NOK 28,663 million (NOK 2,529 million). The underlying net profit for the quarter came to NOK 2,918 million (NOK 2,986 million).
Norway’s Petroleum and Energy Minister Terje Riis-Johansen today announced that eight research centres have been named Centres for Environment-Friendly Energy Research (CEER). Statkraft is involved in five of the chosen centres, and has undertaken to provide both funding and expertise.
The board of Statkraft today submitted a recommendation to Sylvia Brustad, the Norwegian Minister of Trade and Industry, to strengthen the company’s equity by NOK 8 billion and amend the current dividend policy. These measures will enable implementation of Statkraft’s strategy for continued profitable growth in the field of environmentally friendly and flexible power production.
Today Statkraft is opening the Rødberg power plant in Buskerud County. Making use of the waterfall drop between two existing power plants, the new plant will produce enough power to supply 800 households.
(Oslo/Düsseldorf/Stockholm/London, 8 January 2009) Statkraft AS and E.ON AG have completed the asset swap that positions Statkraft as Europe’s largest generator of renewable energy. The Statkraft Group’s total generation capacity is increased with approximately 2,500 MW.