2024-11-21

http://w3.windfair.net/wind-energy/news/36839-statkraft-results-quarter-q4-full-year-ebit-net-profit-2020-wind-power-asset

02/18/2021

Posted by: Windfair Editors

2020: Statkraft Publishes Results

"The financial results for 2020 was satisfactory given the very low Nordic power prices. The main reasons were successful hedging and solid contribution from other market activities," says CEO Christian Rynning-Tønnesen.

Official Press Release Statkraft:

Satisfactory result and successful strategy execution

Wind Industry Profile of

Statkraft achieved an underlying EBIT (operating profit) of NOK 1.6 billion in the fourth quarter. Net profit in the quarter ended at NOK 3.7 billion / Underlying EBIT for 2020 was NOK 6.7 billion and net profit NOK 3.5 billion.

"The financial results for 2020 was satisfactory given the very low Nordic power prices. The main reasons were successful hedging and solid contribution from other market activities. The reservoir filling in the Nordics has normalised at the start of 2021, leading to an increase in the power prices," says CEO Christian Rynning-Tønnesen. Fourth quarter The average Nordic system price in the quarter was 13.7 EUR/MWh, a decrease of 65 per cent compared with the same quarter in 2019. Total generation was 17.2 TWh in... ... More: Official Press Release Statkraft

Keywords:: Statkraft, results, quarter, Q4, full year, EBIT, net profit, 2020, wind power, asset

Leave a Comment! No login necessary

Related News

Nordex Group delivers consistent revenue growth with increasing profitability in the first nine months

11/07/2024

The Nordex Group (ISIN: DE000A0D6554) reported robust financial performance for the first nine months of 2024, with sales increasing by 14 percent to EUR 5.1 billion (9M/2023: EUR 4.5 billion). Total performance, including changes in inventories, rose by 10 percent to EUR 4.8 billion (9M/2023: EUR 4.4 billion).

Statkraft receives support from EU Innovation fund for planned hydrogen production in Germany

Statkraft receives support from EU Innovation fund for planned hydrogen production in Germany

10/24/2024

+++ Grant of EUR 107 million for the development of a 200 MW electrolysis plant and a 50 MW heat pump system is now being negotiated +++ With the launch of the hydrogen core network, industrial companies nationwide are to be supplied with green hydrogen +++ Heating sector to be decarbonised locally +++

ScottishPower seals £1BN offshore wind turbine deal with Siemens Gamesa

11/14/2024

ScottishPower awards turbine contract, worth more than £1 billion, for its East Anglia TWO offshore windfarm just weeks after renewables auction success. Huge boost for UK manufacturing, with blades for the 64 turbines to be manufactured in Siemens Gamesa’s Hull factory, which provides 1,300 local jobs. The £4 billion windfarm will produce enough clean energy to power the equivalent of almost 1 million homes.

Powering Up the Global South: Cleantech as a Path to Growth

10/15/2024

New research reveals that the Global South is driving the cleantech revolution faster than the Global North. With significant renewable energy potential and increasing investment in clean technologies, cleantech is becoming the key driver of economic growth in the Global South.

Impact of U.S. Elections on the Energy Sector

11/14/2024

Christian Rom, Lead Portfolio Manager for DNB Fund Renewable Energy at DNB Asset Management, shares insights on the potential effects of the U.S. election on renewable energy, inflation, and interest rate trends. Here’s what the sector can expect under renewed Republican influence.

Thematically suitable Windfair.net members in the business directory

Keyword Search

© smart dolphin Gmbh 1999 - 2024 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020