EnergyWatch

Utilities

Ørsted enters biodiversity partnership

The Danish utility has teamed up with Ark Nature to explore options for recreating biodiversity in the ocean. Experiences from this partnership can be used globally to ensure a positive impact on nature when setting up wind farms at sea.

Deficit-ridden Fortum plans Russian exit

The Finnish utility exits the first quarter of the year with explosive revenue, though both the operating result and bottom line are marred by the Russian invasion of Ukraine. Fortum will now initiate a Russian exit, says CEO.

RWE delivers "very good results" in Q1

The German utility more than doubles its bottom-line result, not least thanks to advances in the solar and wind divisions. However, RWE has had to write off approximately EUR 850m as part of a contract for Russian coal.

Statkraft doubles profit

The Norwegian utility has benefited from higher energy prices in the first three months of the year despite lower production.

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