Thursday, March 22, 2018

Statkraft News

Norway's Statkraft Plans Hydropower Expansion in Turkey

Norwegian energy group Statkraft plans to expand its hydropower operations in Turkey, Europe's fastest-growing electricity market, after the completion of two ongoing projects, its chief executive said on Tuesday.

Statkraft Eyes Domestic Wind Investments

Norway's Statkraft is still considering investing in a 1,000-megawatt (MW) onshore wind power development at home despite scaling back its international ambitions to pay a full dividend, its chief executive said.

Statkraft: No New Offshore Wind Investments

Norway's state-owned power group Statkraft will not invest in new offshore wind power projects, and might scale down some hydropower projects abroad after the change in dividend policy, the company said on Wednesday.

Norway's Statkraft Boosts Stakes in Brazil's Desenvix

Norway's Statkraft, Europe's biggest producer of renewable energy, will boost its stake in Brazilian power company Desenvix by acquiring 36.85 percent from Jackson Empreendimentos S.A., the company said on Friday.

Statkraft Drops Norway Wind Project

Statkraft cancels 1,000 MW power project; Oil minister expects more projects to be scrapped. Norway could see more wind power projects scrapped due to low profitability, its energy minister said on Thursday…

Statkraft Divests Renewable Energy Assets in Four Markets

Norway's Statkraft swapped its hydropower units in Panama, Laos, Philippines and Zambia with other renewable energy assets in South America and Asia previously co-owned by a Norwegian development fund, the two organisations said on Wednesday.

Triton Knoll Offshore Wind Farm Picks MHI Vestas Turbines

File Image: A Vestas Wind turbine (Vestas)

The consortium planning to build Britain's Triton Knoll offshore wind park has chosen to buy 90 giant turbines from MHI Vestas, it said on Monday. A final investment decision for the wind park, in Britain's North Sea…

Statkraft Eyes Distressed Assets After Offshore Wind Exit This Year

* Says still sees high interest for renewable energy in California and other state of the U.S. and willingness to continue putting up investment schemes, despite lack of clarify from the new U.S.

Norway Plans $1.4 b Boost for Statkraft

Norway plans to boost the financial firepower of state-owned energy group Statkraft by $1.4 billion to support its renewable power expansion at home and abroad, the company said on Friday. Statkraft is…

Statkraft Sells Unfinished Hydropower Plant to Limak

Norwegian utility Statkraft has sold a partially-constructed hydropower plant in Turkey to local conglomerate Limak Holding, which will invest some $400 million in the plant and expects to start operations by 2021, the firms told Reuters.

Innogy Becomes Sole Owner of Triton Knoll Wind Project

File Image: offshore wind operations in progress (CREDIT: CWind)

Innogy buys 50 pct stake from Statkraft; Triton Knoll will cost about 2 billion pounds. Innogy, Germany's largest energy group, became the sole owner of a 2 billion pound ($2.64 billion) British offshore…

Statkraft Targets Onshore Wind, Hydropower After Offshore Wind Exit

Norwegian utility Statkraft will use some of the proceeds from its divestment of offshore wind parks to invest in onshore wind farms and hydropower plants, it said on Wednesday. On Tuesday the state-owned…

Offshore Wind Farms the Future

Photo courtesy of Statkraft

Wind farms will be built more and more in shallow seas, from China to the United States, as the industry imitates oil firms and moves offshore, the head of Europe's largest generator of renewable energy said on Tuesday.

IPO Proposed for Norway's Statkraft

Norway should partially privatise state-owned power producer Statkraft and list it on the stock market, a key member of the country's ruling Conservative Party proposed on Tuesday. An initial public offering…

Statoil, Statkraft to Build Wind Farm off Britain

The Dudgeon Offshore Wind Farm, which will be located 20 miles off the coast of Cromer in North Norfolk, is expected to have an installed capacity of 402MW. (Photo courtesy of Statoil

Norway's Statoil and Statkraft will build the Dudgeon offshore wind farm off the coast of Norfolk in Britain at an estimated cost of $2.57 billion, Statoil said on Tuesday. Full production is expected to start in late 2017…

Siemens Wins 650 mln Euro Wind Turbine Order

image: courtesy Siemens

German engineering group Siemens said on Thursday it won a wind turbine order worth almost 650 million euros ($862 million) from Norwegian utilities Statoil and Statkraft. As part of the contract, Siemens will make…

Statkraft to Sell its Stakes in Two UK Wind Farms

Norway's power firm Statkraft will launch the sale of its entire stakes in two wind farms offshore Britain, Sheringham Shoal and Dudgeon, in coming weeks, a spokesman for the company said on Tuesday. The…

Statoil increases Share in UK Offshore Wind

Sheringham Shoal is located off the coast of Norfolk.(Photo Ole Jørgen Bratland)

Statoil and Statkraft have signed a letter of intent that Statoil takes over as operator of the Sheringham Shoal Offshore Wind Farm from January 2017. Statoil will also through this deal increase its share in the Dogger Bank projects.

Financing for Dudgeon Wind Farm

Photo Courtesy Dudgeon Offshore Wind Farm

London, UK, May 12, 2016: The developers of one of the world's largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months.

Statoil Recommends Løseth for Board of Directors

Øystein Løseth (Photo: Vattenfall)

The nomination committee in Statoil recommends that the company's corporate assembly elects Øystein Løseth as a new member of Statoil's board of directors. Furthermore, the nomination committee recommends the reelection of Svein Rennemo (chair)…