Statkraft doubles wind sales in 2013

Statkraft is feeling the benefit of projects like Sheringham Shoal

Statkraft is feeling the benefit of projects like Sheringham Shoal

Statkraft doubled its sales of wind power during 2013, with the Norwegian utility and hydropower giant emphasising that wind remains a key priority and growth driver in the year ahead.

Statkraft sold 1.4TWh of wind power last year – up from 0.7TWh in 2012 – thanks to having more capacity in its fleet and benefiting from stronger winds at projects like UK offshore wind farm Sheringham Shoal.

Statkraft’s wind unit remains small within the context of its overall business, accounting for less than 4% of the electricity it sold during the fourth quarter – with hydropower accounting for 94% of sales by comparison.

Nevertheless, the wind unit is growing rapidly and profitably – turning in an underlying operating profit of NKr103m ($16.9m) last year compared to a loss of NKr141m in 2012 Log in to read complete article.

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