04/05/2017at 12:54

Statkraft struggles with distant investments

Although Statkraft notes increasing earnings due to positive Nordic electricity prices, the company still faces challenges from investments far away from its hometown Oslo.

by SØREN SPRINGBORG

While Statkraft's cash cow – namely energy production from hydropower in Norway and Sweden – clearly improved performance in line with rising electricity prices in the Nordics during Q1 2017, the company's divisions farther from home are suffering more severe setbacks.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Statkraft secures growth in Q1 2017
For subscribers
Statkraft reduces deficit in spite of massive impairments
For subscribers
Statkraft makes major impairments on wind and water
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Policy & Trading

Climate Council: "Denmark is actively trying to solve the energy crisis by worsening the climate crisis"

The council encourages the Danish government to close the loophole which still allows for oil and gas to be extracted from the North Sea towards 2050.

For subscribers

Policy & Trading

Ørsted chief exec is "grateful" for open-door project

For subscribers

Maersk has the stated goal of reaching net-zero emissions by 2040, which requires that ships sail on green alternatives to traditional bunker oil. | Foto: Marcus Brandt/AP/Ritzau Scanpix

Oil & Gas

Maersk Oil Trading merged into new business unit for green energy

For subscribers

Utilities

Ørsted issues blue bonds for EUR 100m

For subscribers

Renewables

Vestas lands Scottish order of 221MW

For subscribers

Renewables

TotalEnergies wins 1GW PPA in Kazakhstan

For subscribers

Ørsted considers abandoning offshore wind projects

If there are no profits on the horizon, Ørsted would contemplate stepping out of existing projects where no final investment decisions have been made.

For subscribers

Policy & Trading

Climate Council: "Denmark is actively trying to solve the energy crisis by worsening the climate crisis"

The council encourages the Danish government to close the loophole which still allows for oil and gas to be extracted from the North Sea towards 2050.

For subscribers

Utilities

Ørsted lowers offshore wind ambitions drastically

The energy company lowers its expectations on both how much offshore wind will been installed by 2030, as wells as the investment sum to be spent on the hitherto main focus.

For subscribers