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News from Norway



Share Purchase: Equinor Increases Stake in Scatec Solar

30 Dec 2019 09:33 | Stavanger, Norway - The Norwegian energy group Equinor has acquired 6.5 million shares in Scatec Solar for a total purchase price of NOK 754 million (75.6 million euros). The shares were acquired on 19th December 2019 at a price of NOK 116. read more...


New Power Submarine Cable Connects Ireland with France

30 Dec 2019 08:53 | Dublin, Ireland / Paris, France - After the Brexit is completed, Ireland will no longer have a direct electricity connection with the EU internal market. But this is to change with a new direct current connection between Ireland and France. An electricity link between Scotland and Norway is also close to the finish line. read more...


Supply Contract Awarded for Largest Floating Offshore Wind Farm

07 Nov 2019 12:45 | Zamudio, Spain - The world’s largest floating wind power plant will be installed in Norway, equipped with 11 Siemens Gamesa SG 8.0-167 DD turbines. Scheduled to be commissioned in late 2022, Hywind Tampen will be the first ever floating wind power plant to power offshore oil and gas platforms. read more...


REC Silicon - First Quarter 2019 Results

13 May 2019 12:14 | Fornebu, Norway - REC Silicon reported first quarter 2019 revenues of USD 45.0 million, compared to USD 48.9 million in the fourth quarter of 2018. EBITDA for the first quarter of 2019 was USD 4.7 million and included the impact of implementing IFRS 16 regarding leases which resulted in a USD 3.4 million smaller EBITDA loss for the quarter. read more...


KNOC and Equinor Sign MOU for Commercial Floating Wind Farm

20 Feb 2019 10:33 | Stavanger, Norway - Korea National Oil Corporation (KNOC) and Equinor ASA have signed a Memorandum of Understanding to jointly explore the opportunities to develop commercial floating offshore wind in South Korea. read more...


Shell, Innogy and Stiesdal are Testing New Foundations for Offshore Wind Turbines

15 Feb 2019 08:26 | Essen, Germany – Offshore Wind Energy offers huge potential for power generation along the coasts. Because of the prevailing water depths, the conventional foundation technology is reaching its limits. Floating foundations are an alternative approach. read more...


Scatec 2nd Quarter Results - Tamping Up Construction and Increasing Backlog and Pipeline

27 Jul 2018 17:13 | Oslo, Norway - Scatec Solar ASA reported second quarter proportionate revenues of NOK 1,299 million (EUR 136.2 mn) (NOK 167 mn in second quarter 2017), and EBITDA reached NOK 266 mn (EUR 27.9 mn) (100). read more...


REC Silicon Publishes 2nd 2018 results: Revenues Down 15 Percent, EBITDA Turns Red

19 Jul 2018 10:26 | Fornebu, Norway - REC Silicon ASA reported second quarter 2018 revenues of USD 58.9 million, down from USD 69.6 million in the previous quarter. The corresponding EBITDA during the second quarter was a loss of USD 9.6 million compared to a positive USD 14.6 million in the previous quarter. Polysilicon sales volume for the quarter was 2,077 MT, a 28.5 percent decrease from the first quarter, while inventory increased by 401 MT. read more...


Opening Celebration of Egersund Wind Farm

29 May 2018 17:19 | Hamburg, Germany - Luxcara, one of the leading asset managers for renewable-energy investments, has officially opened a wind farm comprising 33 turbines in Egersund, Norway. The facility, which was completed in 15 months, has a total capacity of 111.2 MW. All of the turbines have been feeding power into the grid since November 2017. read more...


Scatec Solar Presents First Quarter 2018 Results

25 Apr 2018 11:57 | Oslo, Norway - Scatec Solar ASA reported first quarter proportionate revenues of NOK 573 million (NOK 144 million in first quarter 2017), and EBITDA reached NOK 109 million (87). read more...