Statkraft makes major impairments on wind and water

Last quarter, Norwegian utility Statkraft made major impairments on gas. This quarter, wind and especially water took the hit, as huge sums were knocked off the value of a newly opened hydropower project.
Photo: Statkraft
Photo: Statkraft

There was one piece of good news in the third quarter interim report from Norway's Statkraft: The increase in Nordic electricity prices, which were 89 percent higher than in the same period last year, allowed the Norwegian energy company to increase its EBITDA by almost a third, up to NOK 2 billion (EUR 221.75 million)

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