Nordkraft hit hard by tough 2020
Due to low power prices, the Norwegian power company exited 2020 down NOK 141.04m. But Nordkraft's merger with Hålogaland is providing some respite and hope for a better 2021.
by ANNE FILBERT
As observant readers will have long since noted, low Nordic electricity prices and less demand in 2020 resulted in serious setbacks for most of the region's power companies. The situation was no different for Norway's Nordkraft, which books its full-year result at NOK 78m (EUR 7.8m) against NOK 182.7 in 2019.
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