Statkraft has reported a rise in underlying earnings before interest and tax (EBIT) and revenues in the first quarter of 2023.
Underlying EBIT increased to Nkr18.5bn (€1.56bn), compared with Nkr18bn in the same quarter in 2022.
Net operating revenues rose to Nkr24.5bn in Q1 2023 from Nkr22.1bn in Q1 2022.
Results were due to solid operations in all geographies and continued strong performance in the markets segment.
Statkraft realised a gain of Nkr1.6bn after selling half of its offshore wind portfolio in Ireland to Copenhagen Infrastructure Partners (CIP) in January.
The two companies plan to invest more than Nkr40bn in offshore wind projects in Ireland,” said Statkraft chief executive Christian Rynning-Tønnesen (pictured).
“The partnership with CIP demonstrates our value-creation potential within offshore wind and our ambition to pursue an industrial role in Ireland and the North Sea,” he added.
“We continue to develop our project portfolio and expand our organisation to support the ambitious green growth strategy to develop much needed renewable energy in Norway and internationally.”