Statkraft SF produces renewable energy in Europe. It develops and generates hydropower, wind power, gas power, and district heating. The company is also involved in the distribution grid operations, electrical entrepreneur activities, and natural gas distribution activities, as well as in the provision of financial fuel contracts for customers who are exposed to coal, gas, and various oil product prices. Statkraft SF is based in Oslo, Norway.
RWE Innogy and Statkraft Team to Develop 900MW UK Offshore Wind Farm
Feb 16 15
RWE Innogy has signed a 50:50 partnership agreement with Statkraft for the development of the Triton Knoll offshore wind farm, off the east coast of England. Under the agreement, Statkraft-managed RWE/Statkraft project team will be responsible for development and construction phases of the 900MW wind farm. Expected to cost between £3 billion and £4 billion, the wind farm will provide enough electricity to meet the energy needs of up to 800,000 average households annually while creating up to 1,900 jobs.
Statkraft SF Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 6 14
Statkraft SF announced unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported sales revenues of NOK 9,431 million against NOK 9,560 million a year ago. Net operating revenues were NOK 6,412 million against NOK 4,371 million a year ago. Operating profit was NOK 2,875 million against NOK 1,243 million a year ago. Profit before tax was NOK 6,058 million against loss before tax of NOK 1,320 million a year ago. Net profit was NOK 4,151 million against net loss of NOK 1,681 million a year ago. Net operating revenues, underlying was NOK 6,412 million against NOK 4,371 million a year ago. Operating profit, underlying was NOK 2,875 million against NOK 1,243 million a year ago. Profit before financial items and tax was NOK 3,008 million against NOK 1,184 million a year ago. EBITDA, underlying was NOK 2,282 million against NOK 1,867 million a year ago.
For the nine months, the company reported sales revenues of NOK 30,968 million against NOK 32,513 million a year ago. Net operating revenues were NOK 17,076 million against NOK 16,782 million a year ago. Operating profit was NOK 7,842 million against NOK 8,554 million a year ago. Profit before tax was NOK 10,394 million against NOK 127 million a year ago. Net profit was NOK 6,989 million against net loss of NOK 2,147 million a year ago. Cash flow from operating activities was NOK 5,731 million against NOK 5,585 million a year ago. Net cash flow operating activities was NOK 7,743 million against NOK 6,862 million a year ago. Investments in property, plant and equipment was NOK 6,736 million against NOK 6,519 million a year ago. Net operating revenues, underlying was NOK 34,297 million against NOK 16,782 million a year ago. Operating profit, underlying was NOK 7,842 million against NOK 8,554 million a year ago. Profit before financial items and tax was NOK 8,055 million against NOK 8,954 million a year ago. Net interest-bearing debt totalled as on September 30, 2014 was NOK 25,719 million, compared with NOK 32,240 million at the beginning of the year. The decline was related both to repayment of debt and increased bank deposits. EBITDA, underlying was NOK 8,646 million against NOK 8,602 million a year ago. The increased revenues year to date were primarily related to realising substantial positions in the Nordic dynamic asset management portfolio in the first quarter of this year, increased contributions from market activities in Brazil, new production capacity within wind power as well as increased Nordic hydropower production. The increased revenues were somewhat offset by lower Nordic power prices.
For the quarter, the company reported total power production of 12.2 TWh against 11.2 TWh a year ago.
For the nine months, the company reported total power production of 40.6 TWh against 39.6 TWh a year ago.
Statoil and Statkraft to Build an Offshore Wind Farm in Britain with 67 Turbines
Jul 1 14
Statoil and Statkraft announced that they will build an offshore wind farm in Britain with 67 turbines that will eventually power over 400,000 homes. The groups will invest $1.71 billion in the Dudgeon project. The wind turbines will be located 32 kilometres (20 miles) offshore, north of the town of Cromer in Norfolk, and will have a total capacity of 402 megawatts. Dudgeon is expected to power up around 410,000 homes by 2017. The wind turbines themselves will be built by Siemens.