Core Strategy - Statkraft, Europe's largest producer of renewable energy, is focusing on its flexible hydropower fleet in the Nordics and expanding solar, wind, and battery activities in Europe and South America to strengthen its competitive advantages [1][2] - The company aims to prioritize near-term cash flow over volume growth, reducing complexity and costs while maintaining a strong focus on core activities [1][3] Investment Plans - Statkraft plans to invest NOK 16–20 billion annually in the coming years, targeting large hydropower capacity upgrades in Norway and onshore wind power developments in Sweden and Norway [3] - The company has a significant pipeline of projects in Europe and South America, although growth rates will be lower than previously planned [3] Project Development Adjustments - Statkraft will cease new hydrogen project developments and stop further activities in offshore wind projects, while continuing with the North Irish Sea Array (NISA) project [4][5] - The company will assess its investment position in solar, wind, and batteries in Poland and will halt development activities in Portugal, although market activities will persist in both countries [4] Cost Efficiency Measures - By focusing on fewer technologies and countries, Statkraft aims to reduce payroll and operating expenses by approximately NOK 2.9 billion annually by 2027, representing a 15% reduction compared to the 2025 estimate [7] - Specific cost efficiency measures, including potential redundancies, will be identified through the annual business planning process [7] Long-term Perspective - Despite ongoing geopolitical challenges that may delay the energy transition, Statkraft maintains a long-term perspective and believes in its strong position to contribute to energy security and the energy transition [9] - The company has delivered significant value creation, paying NOK 59 billion in dividends and more than doubling its equity value to over NOK 300 billion since 2018 [8]

Committed to growing green energy and boosting distributions Operating in 25 countries, Brookfield Renewable Corporation (BEPC 0.59%) has emerged as a dominant force in clean energy. From solar to wind to hydropower, the company maintains a sizable portfolio with about $126 billion in assets under management. While Brookfield Renewable isn't exactly a household name, many income investors are likely familiar with the company's history of rewarding shareholders. This, coupled with the stock's 4.7% forward-yi ...

| Report Descriptions | | Contents | | --- | --- | --- | | This is the 13th Environmental, Social and Governance Report issued by Power Construction Corporation of China Ltd. | | | | (stock code: 601669, abbreviation: POWERCHINA) since 2012. This report is an annual report which covers the period from | | | | January 1, 2024 to December 31, 2024 unless otherwise specified. The last annual report was issued in April 2024. | | About Us | | 01 Future Prospect 87 | | ESG | | Management 05 Appendix 89 | | | | Re ...

Statkraft is applying for a licence to build a new Aura power plant in Sunndal, Norway, with a 6 billion NOK budget. If built, the new facility will deliver 2.5 times the current maximum capacity, contributing to a more stable power supply. Statkraft is planning its largest hydropower investments in decades to develop the next generation of hydropower plants, and Aura is one of the largest projects under consideration. Two weeks ago, Statkraft applied for a licence to upgrade the Nore I and Nore II power p ...

Landsvirkjun has today successfully issued green bonds in the U.S. private placement market, totalling USD 150 million. The original issuance target was USD 125 million, but strong investor interest led to the offering being upsized and closed at USD 150 million. The bonds mature in 6 and 8 years and were issued in three tranches. Two tranches carry fixed interest rates of 5.17% and 5.37%, respectively, corresponding to a spread of 115–125 basis points over U.S. Treasury bonds. The third tranche carries a ...

Prices, market development, and generation The average system price in the Nordic region was 46.0 EUR/MWh in the first quarter 2025, down 12.3 EUR/MWh from the first quarter 2024 and up 14.9 EUR/MWh from the fourth quarter. The prices decreased mainly due to mild weather and inflow above normal levels. The price area differences increased both in Sweden and Norway, primarily due to differences in precipitation between northern and southern areas. The average base price in the German market (EEX) was 112.5 E ...

Core Viewpoint - Statkraft is applying for a license to upgrade the Nore hydropower plants with a budget of 4 billion NOK to enhance electricity production and stabilize prices in Norway [1][2]. Company Overview - Statkraft is a leading international hydropower company and Europe's largest generator of renewable energy, with operations in over 20 countries and around 7,000 employees [14]. Project Details - The Nore hydropower plants consist of Nore I, operational since 1928 with a capacity of 212 MW and annual production of 1150 GWh, and Nore II, operational since 1946 with a capacity of 60 MW and over 300 GWh annual production [10]. - The upgrade aims to nearly double the capacity from 274 MW to 500 MW and increase annual production from approximately 200 GWh to about 1700 GWh under the preferred alternative [6]. - An alternative plan would increase the combined capacity by 65 MW and production by around 150 GWh [6]. Future Plans - Statkraft plans to build a next-generation hydropower system and initiate five major upgrades by 2030, with the Nore plants upgrade being a significant step [2][8]. - The company aims to increase its installed capacity in Norway by over 20 percent, providing an additional 1500 to 2500 MW of capacity through various upgrades [8]. Environmental and Economic Considerations - Upgrading existing hydropower plants is seen as a way to enhance capacity and energy production while considering environmental impacts [3][9]. - The company acknowledges that such upgrades require substantial investments and are often only marginally profitable, necessitating careful assessment of various factors [9]. Licensing Process - The license application will be processed by the Norwegian Water Resources and Energy Directorate (NVE), followed by a hearing process, with the Ministry of Energy making the final decision [13].