Statkraft reports strongest second quarter result ever

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Statkraft delivered its strongest ever second quarter and first half year results despite lower generation and prices, with solid performance in the Nordics and Markets segments. Statkraft continues to ramp up project activities to deliver on its ambitious growth strategy.

Net operating revenues rose to NOK 13.1 billion in Q2 2023 from NOK 8.4 billion in the comparable quarter last year, while underlying EBIT increased to NOK 7.6 billion (NOK 3.8 billion), Statkraft’s strongest second quarter ever. European power prices fell further in the second quarter and are down around 50 per cent compared to the same quarter last year. Statkraft signed several long-term power contracts, including PPAs with a total volume of 9 TWh with Celsa... ... More: Official Press Release Statkraft

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Statkraft, result, quarter, Q2, half year, Norway, offshore, onshore, PPA, Europe, power, costs, price, wind farm, LNG