Statkraft makes FID in 131MW European solar PV because it reduces accumulate loss in Q2 2026
These two initiatives are part of larger than 600MW of present renewable energy potential that the IPP has made investment decisions on by the head of the first half of of this year.
At the head of Q2 2026, the corporate had 1.9GW of utility-scale renewable energy initiatives below building, with a 46MW solar-plus-storage project in Germany, 264MW solar PV in Eire all the arrangement thru three PV initiatives, in conjunction with the aforementioned Kilcush, 149MW solar PV and 300MW BESS within the UK, two solar hybrid initiatives in Brazil with a combined 203MW potential and a 182MW solar PV plant in Peru.
The Latin American initiatives had been the main drivers for the corporate’s investment in its world property for the length of Q2 2026, which invested a total of NOK649 million (US$67 million), down year-on-year from the NOK755 million invested in Q2 2025.
Moreover, the corporate launched its monetary results for Q2 2026 with a accumulate lack of NOK1.5 billion, decreasing it by almost fourfold from the identical length a year within the past when it registered a accumulate lack of NOK6.5 billion. Per the corporate this turned into impacted by excessive handy resource rent tax in Norway.
The excessive Nordic vitality costs have moreover been a major driver for the elevated underlying earnings ahead of hobby, taxes, depreciation, and amortisation (EBITDA) in Q2 2026, going up from NOK4.5 billion in Q2 2025 to NOK6.6 billion.
“Statkraft delivered solid results within the second quarter of 2026. Strategic divestments within the intervening time are carried out and planned price reductions are heading within the correct route. Throughout the last year, we now have turned into our ambitions into results. We have now reinforced our core and diminished complexity and label to red meat up competitiveness,” mentioned Birgitte Ringstad Vartdal, president and CEO of Statkraft.
She added that the corporate’s blueprint is residing and that intelligent forward, “execution shall be key”.
“By specializing in our core strengths, disciplined investments and solid market capabilities, we’re successfully positioned to assist handing over label, supporting industry and accelerating the energy transition.”
