Statkraft, Norway to reduce costs by $292 million and may layoffs
Statkraft, the Norwegian state-owned utility, announced on Wednesday that it will reduce its annual costs of around 15%, or 2.9 billion crowns (US$292 million), by 2027. Statkraft cited increased global…
Statkraft, a Norwegian company, will sell 10 renewable energy companies to Colombian Ecopetrol
Ecopetrol, Colombia's state oil company, announced on Tuesday that it has signed an agreement with Statkraft of Norway to purchase 10 wind and solar project development companies. Ecopetrol's Chief Executive…
Norwegian utility Statkraft halts new green hydrogen developments
Statkraft, Norway's largest utility and state-owned company, announced on Thursday that it had stopped developing green hydrogen projects due to higher costs and uncertainty in demand. Statkraft also reported…
Statkraft, Norway's largest steel producer, reports a drop in profits and says that politics may have an impact on costs
Statkraft, a Norwegian company, reported a 56% decline in its fourth-quarter operating profit despite soaring power prices. Statkraft also warned that trade wars may increase the cost to build generation capacity.
Statkraft reports net loss due to currency weakness and lower power prices
Statkraft, a Norwegian state-owned energy company and one of Europe's largest renewable energy producers, reported Thursday a net loss in the third quarter, primarily due to a lower Norwegian currency against euro…
Norwegian infrastructure fund Aker to launch 1 billion euros in 2025
The head of the Infrastructure unit at Industry Capital Partners, a Norwegian investment fund for energy transition, backed by Aker ASA industrial group, said that it plans to launch a 1 billion euro ($1.08 billion), inaugural fund in 2019.
Statkraft CEO: Statkraft will sell assets in 3 countries
Statkraft's CEO announced on Wednesday that the Norwegian utility, Europe's biggest renewable energy producer and Statkraft's state-owned subsidiary, would sell assets in India as well as Croatia and The Netherlands…
Britain sets up funding model for renewable Energy Storage Projects
The UK will guarantee a minimum income for developers of renewable energy projects such as pumped-hydro to encourage investment in technologies which help Britain meet its climate goals. Britain aims to decarbonise the power sector by 2030.
"Green" Ammonia's Future as a Marine Fuel
Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate…
Statkraft, Norske Skog Ink Multi-Year Power Supply Deal
Statkraft and Norske Skog Skogn AS and Norske Skog Saugbrugs AS have entered into new long-term industrial power supply agreements for the period from December 1, 2018 to December 31, 2026. The total delivery will be about 14 TWh…
Planning a Wind Farm in Norway? Connecting to Grid from 2019 May Cost You
Grid investments of $17 billion are planned by 2025; big power consumers and producers may need to contribute. A Norwegian plan to force big power consumers and producers to pay for grid upgrades and extensions…
Statkraft in Talks with Firms to Set up Data Centers in Norway
Norwegian power firm Statkraft is negotiating with U.S. and other companies to build large data centers in its home country, favored by a recent change in Norway's tax system, the state-owned utility told Reuters on Thursday.
Statkraft Cuts Back on Power Trading in Turkey
Norwegian utility company Statkraft said it has reduced its power trading operations in Turkey due to declining market liquidity and an unpredictable outlook. A company spokesman said Statkraft now trades…
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…
Innogy Issues $1 Bln Bond to Fund Wind Farms
Innogy, Germany's largest energy group, on Thursday issued a 850 million euros ($1.01 billion) corporate green bond to refinance wind power projects in Europe, it said. Proceeds of the bond, which has a 10-year maturity…
Innogy Becomes Sole Owner of Triton Knoll Wind Project
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 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.
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.
Triton Knoll Offshore Wind Farm Picks MHI Vestas Turbines
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…
Final Turbine Installed at Dudgeon Wind Farm
This week saw the last of the 67 wind turbines being installed on the Dudgeon field and all of them are now producing electricity. During October, the wind farm will provide 410,000 homes in England with electricity.
