norway

Scatec posted development and construction (D&C) revenues of NOK1,760 million (US$175.1 million) in the third quarter of this year.

Scatec has reported stable financial results in the second quarter of 2025, with revenue holding steady at NOK2.3 billion (US$220 million).

Statkraft has posted quarter-on-quarter declines in electricity generation and earnings in the second quarter of this year.

Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.

Beleaguered Norwegian silicon producer REC Silicon has received a buyout offer from its largest shareholder, Hanwha Corporation.

The ingot and wafer plant in Norway had an annual nameplate capacity of 1GW, according to the company’s website.

George Heynes charts the key market developments in the EU countries of Northern Europe, as well as non-EU members, Norway and the UK.

Norwegian energy company Statkraft has reduced its target to build solar, BESS and wind capacities from 2026 onwards.

Currently executive vice president Nordics at Statkraft, Birgitte Ringstad Vartdal will assume her new position on 1 April 2024.

Equinor, Scatec and Hydro Rein have started commercial operations at their 531MW Mendubim solar project in Brazil.