Friday, 3 February 2017

DONG Energy to stop all use of coal by 2023 

DONG Energy has decided that by 2023, coal will no longer be used as fuel at the company's power stations. The decision is a result of the company's vision to lead the way in the transformation to a sustainable energy system and to create a leading green energy company. 

Since 2006, DONG Energy has reduced its coal consumption by 73 per cent, and the company has now decided to entirely phase out the use of coal. By 2023, the use of coal as fuel at DONG Energy's power stations will have stopped completely. The power stations will be replacing coal with sustainable biomass. 

"We've decided to take the final step and phase out the use of coal at all our power stations. The future belongs to renewable energy sources, and therefore we're now converting the last of our coal-fired power stations to sustainable biomass. The decision is in line with our vision to lead the way in the transformation to a sustainable energy system and create a leading green energy company," says Henrik Poulsen, CEO. 

Coal is still one of the most commonly used fuels worldwide. Around 40 per cent of the world's electricity is produced from coal, even though coal is the fuel emitting the most CO2. DONG Energy is the first among the large European energy companies to decide to phase out coal for the production of electricity and heating completely. 

73% less coal since 2006 

Since 2006, DONG Energy has reduced its coal consumption by 73 per cent through a reduction in the number of power stations as well as conversions to sustainable biomass instead of coal. At the same time, the company has constructed more production capacity based on offshore wind than any other company in the world. This means that in just one decade, DONG Energy will have gone from being one of the most coal-intensive utilities in Europe to being among the greenest energy companies in Europe. 

Since 2002, DONG Energy has used wood pellets and wood chips as fuel at both Herning Power Station and Avedøre Power Station, and over the years, the company has increased the share of biomass at the two power stations. In 2016, both Studstrup Power Station near Aarhus and Avedøre Power Station near Copenhagen were converted to run 100 per cent on wood pellets and straw, and during the spring of 2017, Skærbæk Power Station near Fredericia will be able to run 100 per cent on wood chips.

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Thursday, 4 August 2016

Statkraft Publishes Sustainable Biomass Partnership (SBP) Supplier Base Report

Download SBR Copy Here
Download SBR (Norwegian) Here
4th August 2016
Statkraft will be one of the first European energy wood producers who achieve the new Sustainable Biomass Partnership (“SBP”) standard. Statkraft Markets GmbH complies with the highest sustainability obligations and in order to comply with these regulations we are required to publish our Sustainable Biomass Partnership (SBP) Supplier Base Report. SBP certification requires Statkraft to provide transparency of wood origins, forestry management practices and sustainability information of wood sources in addition to the data for generation stations to calculate the greenhouse gas emissions associated with producing and delivering biomass. Major European utility customers can now purchase fuel from Statkraft confident that they are demonstrating to all stakeholders that they have the most sustainable sourcing in place.

Statkraft AS: Result for the second quarter of 2016

GlobeNewswireJuly 21, 2016

Solid operations - Negative result caused by impairment

(Oslo 21 July 2016) In the second quarter of 2016, Statkraft AS recorded an underlying operating profit (EBITDA) of NOK 2665 million, an increase of NOK 303 million compared with the corresponding period in 2015. The quarter showed a net result of NOK -1899 million which is mainly due to impairments of German assets. 

The average Nordic power price in the second quarter was 24.0 EUR/MWh. This is on the same level as the first quarter, but an increase of 16% compared with the corresponding quarter in 2015. Statkraft`s total production was in line with the same period last year and amounted to 14.3 TWh. Production in the Nordic`s was 13.0 TWh, which was a decrease of 0.3 TWh mainly due to lower hydropower production in Sweden. This was offset by higher production from International Hydropower.

Reduced market expectations have led to impairments related to gas fired power plants and other assets in Germany which in total amounts to NOK 2229 million. The remaining book value of these assets is NOK 1423 million.

- We are pleased with strong underlying operations, but reduced market expectations have led to impairment of German assets, says CEO Christian Rynning-Tønnesen.

The half year`s operating result shows solid performance with an underlying EBITDA of NOK 6915 million. The net result was held back by impairments and ended at NOK 490 million.

Both the Continental and Nordic power markets are undergoing changes with reduced technology cost and new renewable capacity coming online combined with low demand growth. This development has contributed to a decline in power prices.

Low power prices and fundamental changes in the power sector make it important for Statkraft to strengthen the competitiveness. Statkraft has therefore launched a performance improvement programme with the aim to reduce controllable cost by 15% or approximately NOK 800 million by 2018.

For further information, please contact:
SVP Investor Relations Thomas Geiran, tel.: +47 905 79 979, e-mail:thomas.geiran@statkraft.com
Press spokesperson Knut Fjerdingstad, tel.: +47 901 86 310, e-mail:knut.fjerdingstad@statkraft.com
Press spokesperson Lars Magnus Günther, tel.: +47 912 41 636, e-mail:lars.gunther@statkraft.com
SVP Corporate Communication Bente E. Engesland, tel.: +47 911 59 952, e-mail:bente.engesland@statkraft.com

or www.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 4200 employees in more than 20 countries.

 

Thursday, 30 June 2016

BBC News: Climate change: UK to set bold emissions target


Climate change: UK to set bold emissions target
A world-leading climate change target up to the early 2030s is set to be confirmed by the British government, cutting emissions by 57%.


Wednesday, 18 March 2015

A new animation video gives a simple and straightforward introduction to Statkraft's Trading and Origination Strategy.


Statkrafts Trading and Origination Strategy

Tuesday, 24 February 2015

Nobel Prize winner and former Vice President of the United States, Al Gore, will visit Oslo in June 2015 for Statkraft’s 120-year anniversary celebration.

More Details

Tuesday, 17 February 2015

Statkraft and Södra form biofuels company

today 12:49 | pressrelease
(Lysaker/Tofte, 16 February 2015) Statkraft and Södra have formed a company to establish future production of second generation biofuels. Named Silva Green Fuel AS, ownership of the company is split between Statkraft (51%) and Södra (49%). Biofuels can be an important contribution towards achieving national and international targets to reduce greenhouse gas emissions from the transport sector.
The new company's first task is to find a cost-effective technology for commercial industrial production of second-generation biofuels based on forestry raw materials. At the same time, a future focus will depend the facilitation of increased use of biofuels by the authorities through tax changes and attractive incentives.
"Statkraft considers biofuels to be an exciting business development in renewable energy. The partnership with Södra, through Silva Green Fuel AS, is a good foundation for studying innovative technologies," says Christian Rynning-Tønnesen, CEO of Statkraft.
"Södra is following, with great interest, the technological developments and business opportunities arising from the utilisation of forestry raw materials for industrial production of carbon-neutral fuel. We also have had a good experience from our previous partnership with Statkraft and look forward to uniting the two companies' expertise and experience in this project," says Lars Idermark, CEO of Södra.
Will purchase factory site at Tofte
Statkraft has acquired all of the shares in Södra Cell Tofte AS, which owns the former factory site at Tofte. Located in Eastern Norway, the industrial area has an established infrastructure and a deep water quay for handling large quantities of wood. Statkraft therefore also plans to sell biomass from Tofte to existing biofuel power plants in neighbouring countries.

Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, gas power and district heating and is a global player in energy market operations. Statkraft has 3700 employees in more than 20 countries.
Södra is a group with extensive forestry operations and a leading producer of paper pulp, sawn timber and bioenergy. The Group is owned by 50,000 forest owners in southern Sweden, has 3,500 employees and revenue of SEK 17 billion

For further information:
Press spokesperson in Statkraft, Knut Fjerdingstad
Tel.: +47 901 86 310
E-mail: knut.fjerdingstad@statkraft.com
Managing Director in Södra Tofte AS Christen Grønvold-Hansen
Tel.: +46 70 646 33 37
E-mail: christen.gronvold-hansen@sodra.com
- See more at: http://www.statkraft.com/media/press-releases/20151/statkraft-and-sodra-form-biofuels-company/