The
coming
years
will
see
low
electricity
demand,
an
oversupply
of
CO2
emission
allowances,
production
overcapacity
and
low
electricity
prices,
says
chief
executive
Øystein
Løseth.
“This
new
reality
requires
efforts
in
further
improving
our
efficiency
and
strengthening
our
financial
position,”
he
adds.
The
Swedish
utility
will
adapt
to
the
changes
in
the
market
through
divestments,
decreased
investment,
staff
reductions
and
a
focus
on
operational
excellence.
It
is
too
early
to
say
whether
this
will
mean
changes
to
its
19bn
SKr
investment
strategy
in
wind
over
the
next
five
years,
or
affect
its
wind
projects,
a
spokesperson
tells
Recharge.
The
spokesperson
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