Oslo, Norway
Oslo, Norway

Statkraft is a Norwegian state owned electricity company. With a total energy production of 44.9 TWh in 2007, the Statkraft Group is the third largest energy producer in the Nordic region, as well as the largest energy producer based on renewable energy sources in Europe,consisting of 40% of the production in Norway. Including the subsidiaries Skagerak Energi and Trondheim Energi, the group has some 2100 employees. The company's headquarters are in Oslo, Norway.Hydroelectric power provides the majority of Statkraft's renewable energy; it operates 133 plants in Norway, 12 in Sweden and four in Finland. The company also operates two windfarms in Norway, Smøla Wind Farm and Hitra Wind Farm, in addition to district heating in Trondheim and gas power and hydroelectric power in Germany.Statkraft owns 100% of Trondheim Energi. In addition it has partial ownership of Skagerak Energi , Naturkraft , SN Power , Bergenshalvøens Kommunale Kraftselskap , Agder Energi , E.ON Sverige and Småkraft. Wikipedia.


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News Article | May 18, 2017
Site: globenewswire.com

The following Offering Circular has been approved by the UK Listing Authority and is available for viewing: Offering Circular dated 18 May 2017 for the EUR 6,000,000,000 Euro Medium Term Note Programme of Statkraft AS To view the full document, please paste the following URL into the address bar of your browser: Unaudited consolidated financial statements of the Issuer for the three months ended 31 March 2017: http://statkraft.com/globalassets/1-statkraft-public/05-investor-relations/4-reports-and-presentations/2017/q1-2017/1703-external-group-report.pdf A copy of the Offering Circular has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do. For further information, please contact: Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein. Your right to access this service is conditional upon complying with the above requirement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 18, 2017
Site: globenewswire.com


News Article | May 18, 2017
Site: globenewswire.com

The following Offering Circular has been approved by the UK Listing Authority and is available for viewing: Offering Circular dated 18 May 2017 for the EUR 6,000,000,000 Euro Medium Term Note Programme of Statkraft AS To view the full document, please paste the following URL into the address bar of your browser: Unaudited consolidated financial statements of the Issuer for the three months ended 31 March 2017: http://statkraft.com/globalassets/1-statkraft-public/05-investor-relations/4-reports-and-presentations/2017/q1-2017/1703-external-group-report.pdf A copy of the Offering Circular has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do. For further information, please contact: Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein. Your right to access this service is conditional upon complying with the above requirement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 4, 2017
Site: globenewswire.com


News Article | May 4, 2017
Site: globenewswire.com


News Article | May 4, 2017
Site: globenewswire.com

(Oslo, 4 May 2017) Statkraft AS recorded an underlying EBITDA of NOK 5186 million in the first quarter of 2017. This is an increase of NOK 1185 million compared with the corresponding period in 2016. The result showed a quarterly net profit of NOK 2749 million. The increase in EBITDA was mainly driven by increased contributions from market operations. The higher Nordic power prices were offset by lower production and currency effects. The average Nordic power price in the first quarter was 31.2 EUR/MWh. This is an increase of 30 % compared with the price level experienced in the same period in 2016. Statkraft's total production was 17.1 TWh. This is a reduction of 12 % compared with the first quarter in 2016 which had record high production. Hydropower production was down by 2.8 TWh as a result of reduced production in the Nordics. Gas-fired power production was up by 0.3 TWh due to improved gas-to-power margins. Production of wind power was up by 0.2 TWh. - Statkraft's operational assets continue to provide a solid cash flow. Increased operating result and net profit were driven primarily by contributions from market operations. We are pleased to see return on capital exceeding 9 %, says CEO Christian Rynning-Tønnesen. Operating expenses were reduced mainly as a result of a decrease in property tax in Norway and Sweden. Currency effects have further contributed to reduce the operating expenses. Statkraft's performance improvement programme is progressing according to plan and will result in a stronger and more competitive company going forward. Statkraft divested the 25 % stake in the Dogger bank offshore wind projects. This is in line with Statkraft's strategy for divesting offshore wind assets to strengthen the financial solidity. For further information, please contact: Debt Capital Markets: Funding manager Stephan Skaane, tel: +47 905 13 652, e-mail:Stephan.skaane@statkraft.com Head advisor Yngve Frøshaug, tel: +47 900 23 021, e-mail: Yngve.Froshaug@statkraft.com Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, gas-fired power and district heating and is a global player in energy market operations. Statkraft has 3800 employees in more than 20 countries. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 4, 2017
Site: globenewswire.com

(Oslo, 4 May 2017) Statkraft AS recorded an underlying EBITDA of NOK 5186 million in the first quarter of 2017. This is an increase of NOK 1185 million compared with the corresponding period in 2016. The result showed a quarterly net profit of NOK 2749 million. The increase in EBITDA was mainly driven by increased contributions from market operations. The higher Nordic power prices were offset by lower production and currency effects. The average Nordic power price in the first quarter was 31.2 EUR/MWh. This is an increase of 30 % compared with the price level experienced in the same period in 2016. Statkraft's total production was 17.1 TWh. This is a reduction of 12 % compared with the first quarter in 2016 which had record high production. Hydropower production was down by 2.8 TWh as a result of reduced production in the Nordics. Gas-fired power production was up by 0.3 TWh due to improved gas-to-power margins. Production of wind power was up by 0.2 TWh. - Statkraft's operational assets continue to provide a solid cash flow. Increased operating result and net profit were driven primarily by contributions from market operations. We are pleased to see return on capital exceeding 9 %, says CEO Christian Rynning-Tønnesen. Operating expenses were reduced mainly as a result of a decrease in property tax in Norway and Sweden. Currency effects have further contributed to reduce the operating expenses. Statkraft's performance improvement programme is progressing according to plan and will result in a stronger and more competitive company going forward. Statkraft divested the 25 % stake in the Dogger bank offshore wind projects. This is in line with Statkraft's strategy for divesting offshore wind assets to strengthen the financial solidity. For further information, please contact: Debt Capital Markets: Funding manager Stephan Skaane, tel: +47 905 13 652, e-mail:Stephan.skaane@statkraft.com Head advisor Yngve Frøshaug, tel: +47 900 23 021, e-mail: Yngve.Froshaug@statkraft.com Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, gas-fired power and district heating and is a global player in energy market operations. Statkraft has 3800 employees in more than 20 countries. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Grant
Agency: European Commission | Branch: H2020 | Program: RIA | Phase: LCE-07-2016-2017 | Award Amount: 7.17M | Year: 2016

FIThydro addresses the decision support in commissioning and operating hydropower plants (HPP) by use of existing and innovative technologies. It concentrates on mitigation measures and strategies to develop cost-efficient environmental solutions and on strategies to avoid individual fish damage and enhancing population developments. Therefore HPPS all over Europe are involved as test sites. The facilities for upstream and downstream migration are evaluated, different bypass systems including their use as habitats and the influence of sediment on habitat. In addition existing tools and devices will be enhanced during the project and will be used in the experimental set-ups in the laboratories and at the test sites for e.g. detection of fish or prediction of behavior. This includes sensor fish, different solutions for migration as e.g. trash rack variations, different fish tracking systems, but also numerical models as habitat and population model or virtual fish swimming path model. Therefore a three-level-based workplan was created with preparatory desk work at the beginning to analyze shortcomings and potential in environment-friendly hydropower. Following the experimental tests will be conducted at the different test sites to demonstrate and evaluate the effects of the different options not covered by the desk-work. Thirdly, these results are fed into a risk based Decision Support System (DSS) which is developed for planning, commissioning and operating of HPPs. It is meant to enable operators to fulfill the requirements of cost-effective production and at the same time meet the environmental obligations and targets under European legislation and achieve a self-sustained fish population.


The invention relates to a flexible element (18) suitable to be used in a Pressure Retarded Osmosis (PRO) power plant which can be easily produced in large quantity, tested and assembled. The element comprises a frame having three openings one being closed by two membranes (19,21) and a spacer (22) inbetween and overlaid by further spacers (23,26). The invention relates also to a system and a method to produce a system suitable to be used in PRO where a stack of flexible elements is arranged in a pressurized vessel so as to define hollow areas for fluid passage between an internal surface of the pressure vessel and a side surface of the stack of flexible elements.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ENERGY.2011.2.3-2 | Award Amount: 4.00M | Year: 2012

The European Energy Research Alliance (EERA) together with some high-impact industry partners addresses the call proposing an integrated and validated design tool combining the state-of-the-art wake, yield and electrical models available in the consortium, as a plug-in architecture with possibility for third party models. To decrease uncertainties around wind farm wake predictions, a small measurement campaign together with the new data available from the industry partners will enable better tuning, and eventually better modelling of the far-field of wind farm wakes. With the large amount of offshore wind farms to be built in the next years, clusters of wind farms will appear at favourable locations, like in the German Bight and Dogger Bank. Large arrays of floating wind farms planned near long-distance grid cables independent of water depth will also start to appear in the next years. The planning and design of these clusters pose new challenges with regards to the siting of the connected wind farms, the design of the interconnecting grid structure and the integration of the large amount of power into the electricity supply systems. The concept of the EERA-DTOC project is to combine this expertise in a common integrated software tool for the optimised design of offshore wind farms and wind farm clusters acting as wind power plants. The only point less well known, due to the lack of good data so far, is the behaviour of the wind farm wake, in particular far-field wake. Therefore, a small measurement campaign is planned and collection of lidar data and high-resolution satellite images to get better data. Key industry actors working as end users of the software will help in the design of the tool, and will afterwards verify the performance of the tool using their own data and test cases.

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