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)
But besides this result, things look pretty bleak on the other hand. Revenue suffered a setback and landed at NOK 9.6 billion, which is 22.8 percent lower than in the same period last year. Looking at the year's first three quarters, the top line was reduced almost one tenth. Meanwhile, a loss of NOK 1.4 billion was realized after taxes, which also pulls the provisional annual result down into the red.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Cobod to help GE make turbines taller
The Danish 3D printing company has signed an exclusive deal with GE, which recently bought a stake in the company.
UK to levy tax on electricity producers' windfall profits
Chancellor of the Exchequer seeks to introduce a new tax, which could affect owners of wind farms.
Siemens Gamesa sends factories into hibernation, sacks employees
Two US factories will be closed over the summer, and several workers will be laid off. A patent case with GE is to blame, along with low demand.
Ørsted CEO: "Renewable energy is now a security policy issue"
Economic warfare against Russia has prompted Europe to raise its ambitions and purge itself of fossil fuel energy, and this agenda suits the Ørsted CEO perfectly.
RWE criticizes Repower EU
The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.
Team Manager 
Head of Secretariat - The Indo-Danish Centre of Excellence for Offshore Wind and Renewable Energy 
Head of Purchasing and Logistics - with commercial mind-set 
IT project manager for digital transformation in the middle of the green transition 
Director of technological development and projects in gas transmission 
Industry specialist and architect - Energy & Utility 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Project assistant 
Engineer or physicist with an interest in energy, international work, supervision and regulation 
Marine Sales Executive - Performance Coatings 
Senior Expertise Director, Green fuels and PtX 
Senior Risk Analyst 
We are looking for project managers who will help shape the green transition and develop the business area "Sustainable Energy"