Statkraft Publishes Results for Q1

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Changes in the energy market outlook led to impairments of wind power assets

Official Press Release Statkraft:

Statkraft AS: Result for the first quarter

Wind Industry Profile of
Statkraft AS: Result for the first quarter

Stable operations in a demanding quarter

Statkraft has upheld reliable and safe operations during the outbreak of the Covid-19 pandemic.  A large hydrological surplus in the Nordics and lower energy demand have led to low power prices during the first quarter and reduced underlying EBIT. Low fuel prices, a significant hydrological surplus and low demand due to a mild winter combined with  the outbreak of Covid-19 have put pressure on Nordic power prices. In the first quarter, the average Nordic system price was 15.4 EUR/MWh, a decrease of 67 per cent compared with the same quarter in 2019. Total generation was 17.7 TWh in the quarter, an increase of 1.7 TWh. The increase in generation was primarily related to Nordic hydropower and wind... ... More: Official Press Release Statkraft

Statkraft, quarter, results, Q1, Covid-19, pandemic, Corona, markets, fuel price, price, electricity, activity, revenue

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