Statkraft AS – result for the first quarter of 2013: Sound profit from operations in the first quarter
In the first quarter of 2013, Statkraft achieved an underlying* operating profit before depreciation (EBITDA) of NOK 4180 million, on par with the corresponding quarter in 2012. Negative currency effects resulted in a net profit of NOK 443 million, compared with NOK 3430 million in the first quarter last year.
Statkraft acquires EVN’s shares in Devoll Hydropower ShA
(Oslo/Vienna, 20 March 2013) Yesterday, Norwegian Statkraft AS and Austrian EVN AG signed an agreement by which Statkraft will acquire EVN’s 50 percent stake in Devoll Hydropower ShA. The transaction is subject to the consent of the Ministry of Economy, Trade and Energy of Albania (METE), as well as ratification by the Parliament of the Republic of Albania in order to amend the concession agreement accordingly.
Statkraft Puts Another Gas-fired Power Plant into Cold Reserve
Düsseldorf / Landesbergen, 14 March 2013 – The gas-fired power plant “Robert Frank” in Landesbergen/Germany will be put into cold reserve. This was announced today by Statkraft, the operator of the 510 MW plant. Along with the plant’s closure, onsite staff will be reduced. A biomass plant that is located at the same site will continue to operate on a standalone basis.
Solid operating profit but write-downs
In the fourth quarter of 2012, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 3416 million, compared with NOK 3028 million in the corresponding quarter in 2011. The net loss amounted to NOK 1840 million, compared with a loss of NOK 673 million in the fourth quarter of 2011.
Letter of intent regarding the future ownership of power plants in Western Norway
(Bergen/Oslo 25 January 2013) Bergenshalvøens Kommunale Kraftselskap AS (BKK), Statkraft AS, Haugaland Kraft AS, Sunnhordland Kraftlag AS and Sognekraft AS have signed a letter of intent to make changes in the ownership structure of BKK and power plants in Western Norway. The parties will work to implement a transaction that will entail swapping substantial assets.
Statkraft helps power customers save 11 million euros
Düsseldorf, 9 January 2013 – Controlling the output of 40 wind farms marketed by Statkraft to match demand saved German electricity customers roughly 11 million euros between Christmas and New Year’s.
Expanded power plant opened in Laos
(Ban Nahin/Oslo, 11 January 2013) Laotian utility company Theun Hinboun Power Company (THPC), where Statkraft owns 20 per cent, opened two new power stations in Laos today. The two new power stations will, like the existing power plant, be operated and maintained by Statkraft.
Statkraft to build second onshore wind farm in Scotland
(Oslo/London, 11 December 201) Statkraft will construct Berry Burn Wind Farm. This project, near Inverness, will strengthen Statkraft’s position in the UK energy market and will contribute to Scotland’s ambitious objectives for growth in renewable power.
Statkraft AS – result for the third quarter of 2012
(Oslo, 8 November 2012) In the third quarter of 2012, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 1185 million, compared with NOK 1751 million in the corresponding quarter in 2011. The profit after tax was NOK 638 million, compared with a loss of NOK 1583 million in the third quarter of 2011.
Statoil and Statkraft acquire Dudgeon Offshore wind power project
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.
Norfolk school to exhibit at Tate Modern
Statkraft and local school Alderman Peel High have joined artistic forces to bring the work of artist Edvard Munch to life on the Norfolk shores.
Norway’s Crown Prince opened Sheringham Shoal offshore wind farm
His Royal Highness, Crown Prince Haakon of Norway officially opened the Sheringham Shoal offshore wind farm built off the coast of Norfolk, UK, by the owners Statoil and Statkraft.
Statkraft to build two additional wind farms in Sweden
(Oslo/Stockholm, 27 September 2012) Statkraft has decided to build the Björkhöjden and Ögonfägnaden wind farms in Sweden. The work will start immediately, which means that Statkraft will have four major wind farms under development in cooperation with SCA in mid/northern Sweden. Statkraft's investment budget for the two most recent projects is about NOK 5.2 billion.
Satisfactory second quarter result
In the second quarter of 2012, Statkraft achieved an underlying* operating profit before depreciation (EBITDA) of NOK 2324 million, compared with NOK 1822 million in the corresponding quarter in 2011. The profit after tax was NOK 2443 million, compared with a loss of NOK 514 million during the second quarter of 2011.
Olav Fjell new chair of Statkraft's board of directors
(Oslo, 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 SF.
Statkraft AS – result for the first quarter of 2012
(Oslo, 16. mai 2012) Statkraft oppnådde i første kvartal 2012 et underliggende1 driftsresultat før avskrivninger (EBITDA) på 4135 millioner kroner, sammenlignet med 4249 millioner kroner i tilsvarende kvartal i 2011. Resultatet før skatt var også på linje med første kvartal i fjor og endte på 4853 millioner kroner.
Statkraft and Hydro-Québec to cooperate on research and development into osmotic power
Statkraft and Hydro-Québec have entered into a three-year agreement to speed up the development of osmotic power, a new renewable energy technology.
