Statkraft branches out into Biomass
Statkraft is pleased to announce today that it has entered into a Power Purchase Agreement (PPA) with Eco2 Lincs Limited for the long term purchase of output from the straw-fired renewable energy plant located in Sleaford, Lincolnshire.
Statkraft AS – result for the third quarter of 2011 - Result from operations holds steady
(Oslo, 10 November 2011) In the third quarter, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 1751 million, compared with NOK 1830 million in the corresponding quarter last year. The underlying operating profit after depreciation (EBIT) of NOK 1188 million was on a par with last year. As a result of unrealised changes in value and write-downs, the posted result after tax was a loss of NOK 1583 million, compared with a profit of NOK 1163 million in the third quarter of 2010.
Statkraft signs power contract with the new RHI Normag factory at Herøya
(Oslo, 9 November 2011) Statkraft and RHI Normag AS have signed a long-term power contract for the new factory for melting magnesium oxide (MgO) which is under construction at Herøya. Statkraft will also be delivering energy services to the factory.
Smøla wind farm reopen to the general public
As of Friday Smøla wind farm will again be open to the general public. For safety reasons, the wind farm was temporarily closed on 11 October when a fracture was discovered in one of the towers. The risk of a breakdown has been averted and it is now safe to access the wind farm.
Statkraft consolidates position as major PPA provider
Statkraft UK is pleased to announce two new Power Purchase Agreements (PPAs) as it increases its market share with PPAs for the Little Raith and Wadlow Wind Farms.
Smøla wind farm closed to the public
Damage has been discovered in the tower of one of the wind turbines in the oldest part of Smøla wind farm. The 20 wind turbines from construction stage 1 were immediately stopped for inspection. Five of the turbines have been inspected today. No damage was found and the turbines have resumed operation. For safety reasons, the wind farm has been temporarily closed for access to the general public.
Statkraft lays foundation for second gas-fired power plant in Hürth Knapsack
Hürth-Knapsack, 30 September 2011 – At a groundbreaking ceremony, Statkraft, Europe’s largest producer of renewable energy, today announced the start of construction of a second combined gas and steam turbine power plant (CCPP) at the Hürth Knapsack site. In addition to representatives of the company, State Secretary Jochen Homann from the Federal Ministry of Economics and Marc Jan Eumann, Parliamentary Secretary for Federal Affairs, Europe and Media of North Rhine Westphalia, also attended the ceremony.
Statkraft to build its third hydropower plant in Turkey
Statkraft has decided to construct the Cetin hydropower plant in Turkey. The power plant will be Statkraft’s largest hydropower plant outside Norway, with an installed capacity of 517 MW. Cetin will have an average annual production of 1.4 TWh, enough to supply electricity to 460,000 Turkish homes. The investment cost is estimated to about EUR 500 million.
Statkraft new owner of Bio Varme
Statkraft has entered into an agreement with the owners of Bio Varme AS to acquire the Norwegian district heating company. The acquisition strengthens Statkraft’s leading position within district heating in Norway.
Statkraft awards NOK 5 million to climate and development projects
(Oslo, 18. august 2011) Statkraft has awarded a total of NOK 5 million to Norwegian Church Aid, Renewable World, Norwegian People’s Aid, Energiråd Innlandet, Grane Næringsutvikling and the Ny-Ålesund Symposium. The donation takes place through the Statkraft Fund.
Statkraft to build several wind farms in Sweden
(Oslo/Stockholm, 18 August 2011) Statkraft has decided to build Stamåsen 1 wind farm in Sweden. This means that from September, Statkraft will have two large wind farms under construction in Central Sweden, strengthening its position as the largest player in renewable energy in Europe. The wind farm will be established in cooperation with SCA and will be completed with a capacity of 60 MW next year.
Satisfactory operations and extraordinary write-downs
(Oslo, 18 August 2011) In the second quarter, Statkraft achieved good results in the underlying operations. Through lower production, but higher prices, the underlying* operating profit before depreciation (EBITDA) amounted to NOK 1822 million, compared with NOK 1733 million in the corresponding quarter last year. As a result of unrealised changes in value on energy contracts and write-down of the shares in E.ON AG, the posted loss after tax was NOK 929 million, compared with a profit of NOK 1063 million in the second quarter of 2010.
Jens Bjørn Staff named new CFO of Statkraft
(Oslo, 17 June 2011) Jens Bjørn Staff (44) has been appointed Executive Vice President and CFO of Statkraft. Jens Bjørn Staff comes from the position of Head of Finance & Control for Europe & Asia in Development & Production International in Statoil ASA.
Statkraft and Nitto Denko/Hydranautics cooperates to make osmotic power reality
(Oslo/Oceanside/Osaka 20 June 2011) Statkraft and Nitto Denko/Hydranautics have entered into an agreement for the development and supply of membranes for osmotic power. The agreement will accelerate the development of the new renewable energy.
Statkraft to build onshore wind farms in Sweden and Scotland
Statkraft has decided to construct Mörttjärnberget Wind Farm in Sweden and Baillie Wind Farm in Scotland, both to be completed in 2013. This strengthens Statkraft’s position as the European leader in renewable energy and contributes to combating climate change.
Statkraft and Wacker Chemie Norway AS enter into long-term power agreement
(Oslo, 25 May 2011) – Statkraft has entered into a new long-term power agreement with silicon metal producer Wacker Chemie Norway.
Lower power generation yielded reduced profit
(Oslo, 19 May 2011) A weaker resource situation and lower energy generation as a result of high production in 2010 yielded an underlying1 EBITDA of NOK 4249 million for Statkraft in the first quarter of 2011 - compared with NOK 5912 million in the corresponding quarter in 2010. Net profit amounted to NOK 2809 million, compared with NOK 4533 million in the first quarter of 2010.
Statkraft and INEOS ChlorVinyls enter into long-term power agreement
(Oslo, 4 May 2011) – Statkraft has entered into a new long-term power agreement with petrochemical company INEOS ChlorVinyls.
Statkraft and Nordic Paper enters into long-term power agreement
(Oslo, 3. May 2011) – Statkraft has entered into a new long-term power agreement with paper producer Nordic Paper.
Statkraft purchase 50% of DONG’s UK offshore energy production
Statkraft is cementing its place as one of the leading trading and aggregators of wind power in the UK, after signing a new Power Purchase Agreement (PPA) with DONG Naturgas A/S worth around £160m.
CFO Stein Dale decides to leave Statkraft
Stein Dale has resigned from his position as Executive Vice President and CFO at Statkraft, where he has worked for the past nine years.
Statkraft enters into long-term power agreement with Fesil Rana Metall
(Oslo, 24 March 2011) - Statkraft has entered into a long-term power contract with the Fesil Rana Metall smeltery for the period up to and including 2018.
Washington Mills and Statkraft enter into long-term power agreement
(Orkdal/Oslo, 18 March 2011) Washington Mills and Statkraft have entered into a long-term power agreement. The agreement runs through 2018, and comprises a volume of more than 500 GWh. The agreement secures stabile and predicable prices from 1 May 2011 until 31 December 2018 for the cornerstone company Washington Mills in Orkdal municipality in Sør-Trøndelag County.
Statkraft and Södra Cell Folla enter into long-term power agreement
(Oslo, 17 March 2011) Statkraft has entered into a long-term energy agreement with the pulp plant Södra Cell Folla. The agreement runs through 2018, and comprises a volume of approx. 100 GWh annually.
Statkraft opens its first wind farm in Sweden
Today, Statkraft’s first wind farm opens in Sweden. The wind farm Em is the first concrete result of a comprehensive collaboration between Statkraft and the forestry and timber product company Södra.
Strong result driven by unusual cold winter
Historically cold winter weather with high power prices and efficient management of the water reservoirs yielded an underlying* EBITDA of NOK 5401 million for Statkraft in the fourth quarter of 2010, compared with NOK 4484 million during the same period in 2009. The underlying profit before tax amounted to NOK 5371 million, up from NOK 3986 million in the fourth quarter of 2009.
Bente E. Engesland new Senior Vice President of Communications in Statkraft
(Oslo 31 January 2011) Bente E. Engesland (48) has been appointed as new Senior Vice President of communications in Statkraft. She is currently Communications Director of the Directorate of Immigration (UDI).
Statkraft and Norske Skog enter into long-term power supply agreement
Statkraft entered into a long-term power supply contract with Norske Skogindustrier ASA for delivery to the newsprint mill at Skogn in Nord-Trøndelag. The contract involves delivery of about 0.8 TWh power per year for the period of 1 January 2011 and through to 31 December 2022.
