Statkraft halts wind power planning in Central Norway
(Thomson Reuters ONE) -
(Oslo, 4 June 2015) Statkraft has decided not to invest in the Fosen and
Snillfjord projects in Central Norway. Lower power and electricity certificate
prices in the Nordic region have made the projects unprofitable.
Power prices in the Nordic power market are relatively low. A growing power
surplus and continued moderate demand for electricity have reduced the long-term
price ex-pectations. Updated analyses therefore show that the projects in
central Norway will not be profitable.
"Statkraft finds it regrettable that the projects cannot be realised. The
authorities have contributed by facilitating wind power development, for example
through improving the depreciation rules. Unfortunately, the market development
is such that it is still not commercially responsible to invest in these
projects," says President and CEO Christian Rynning-Tønnesen.
Statkraft will continue to make substantial investments in Norwegian hydropower,
as well as further development of district heating. Over the longer term, wind
power is also expected to become competitive in the Nordic region.
The wind power projects in Central Norway were planned with a total installed
capacity of 1000 MW and an annual production of approx. 3.25 TWh. The
development costs were estimated at approx. NOK 11 billion. The projects are
owned by Statkraft, Agder Energi, TrønderEnergi and Nord-Trøndelag
Elektrisitetsverk (NTE).
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 3700 employees in more than 20 countries.
For more information, please contact:
Bente E. Engesland, SVP Corporate Communications, +47 911 59 952
Knut Fjerdingstad, Press Spokesperson, +47 90 18 63 10
Torbjørn Steen, VP Communications, Wind Power, +47 911 66 888
www.statkraft.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statkraft AS via GlobeNewswire
[HUG#1926257]
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Datum: 04.06.2015 - 08:55 Uhr
Sprache: Deutsch
News-ID 398166
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