E-CO Energi's vision is to be to be a leading producer of hydropower COMPETENT AND CREATIVE

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "www.e-co.no E-CO Energi's vision is to be to be a leading producer of hydropower COMPETENT AND CREATIVE"

Transcription

1 E-CO Energi's vision is to be to be a leading producer of hydropower COMPETENT AND CREATIVE 1

2 Owned by the City of Oslo Norway s second largest power producer with a mean annual production of 10 TWh. E-CO owns and operates more than 60 power plants throughout southern Norway E-CO E-CO Energi owns E-CO Vannkraft and Oslo Lysverker 100 % Oppland / Hedmark E-CO owns Oppland Energi 61,4 %, Vinstra Kraftselskap 66,7 % and Opplandskraft 40 % E-CO HOVEDKONTOR Norsk Grønnkraft E-CO owns 21 % Uvdal I og II E-CO owns 10% Embretsfossverkene DA E-CO owns 50% 29. mar

3 Group structure E-CO ENERGI CITY OF OSLO 100% Operating revenue: MNOK E-CO VANNKRAFT E-CO ENERGI 100 % Employees: 160 OSLO LYSVERKER E-CO 100 % VINSTRA KRAFTSELSKAP E-CO 66,7 % OPPLAND ENERGI E-CO 61,4 % EMBRETSFOSS- KRAFTVERKENE E-CO 50 % OPPLANDSKRAFT OSLO LYSVERKER 25 % OPPLAND ENERGI 25 % NORSK GRØNNKRAFT E-CO 21 % ØVRE OTTA OPPLANDSKRAFT 79 %

4 Key figures (Figures in NOK million) Operating revenue Operating profit Ordinary result before taxes Profit for the year Total assets Total equity Return on equity* 19 % 26 % 18 % Return on total assets** 18 % 19 % 17 % Power production (GWh) * Net profit/average equity ** Ordinary profit before taxes + financial expenses/average total assets

5 E-CO in the Nordic power-chain Production Nord Pool/ Power exchange Network/grid Retail market/ Consumer E-CO Energi s power production is sold on the wholesale market No network business No retail business

6 Hydro power E-CO Production 6

7 Main area for our facilities 7

8 Our responsibility in Hallingdal, Aurland and Solbergfoss 19 hydro power stations 46 turbines About 230 km watertunnels MW installed capacity 8

9 E-CO -strategy: Concentration on power and competence Increase values through consolidation, enhancing efficiency and tidying up watercourse ownership. The industrial basis for added value is to be found in: The wholesale market: A higher level of competence and insight into market conditions reduce risk and increase the earnings potential Watercourse ownership: Companies with tidy ownership and operating relations in a watercourse have a greater potential for creating added values Competence: A high level of competence in the Group is a necessary prerequisite for generating strong financial results.

10 E-CO Energi - primary goals and strategy PRIMARY GOALS STRATEGY Maximise shareholder values Transferability Return Playing an active role in restructuring of the industry Development in industrial values Long-term added value Better framework conditions Minimise total tax Development of environmentally proper solutions Network building 10

11 Target: GWh -> 2015 Upgrading existing power plants New projects Small scale hydro

12 Tolga 1000 GWh by 2015 Storruste Rosten Åsåren Øyom Mork Aurland 1/Låvi Leinafoss Lovisberget Brekkefoss Vestredalstjern Bergsjø Mjåvann/Rødungen Hemsil 2/2A Hol 3/Usteåni

13 New power projects Project New power (GWh) New capacity (MW) E-CO s share (%) E-CO s share (GWh) Investments (NOKM) Status Power devel. projects Aurland Power devel. projects Hol % Under development % Under development Hol I % Commissioned Hemsil III % Under development Mork % Expected construction Embretsfoss % Under construction Rendalen % Under construction Nedre Otta % Reported to authorities 2009 Rosten % License application submitted 2009 Øvre Vinstra % 6 Upgrading License application submitted 2009 Norsk Grønnkraft several projects appr. 400 appr % 90 New power plants Different stages Other projects appr. 900 appr % 360 Several categories Under development Total appr appr appr

14 Brief about energy in Norway Major non-opec source of oil. Norway is a major world supplier of oil and natural gas, especially to the European Union. The third-largest net oil exporter in the world. The second-largest supplier of natural gas to continental Europe. Has little coal production or consumption. 14

15 GWh Norwegian Net Exhange Imports (+), Exports (-) TWh TWh TWh TWh TWh TWh -600 Denmark Finland Sweden Holland (from week 17, 2008) 15

16 Norwegian hydro production (Normal year = average 70-99) 2009/ TWh 2010/ TWh Approved, not yet built 3,5 TWh Pending approval 6,3 TWh Plans 3,9 TWh However, a large uncertainty of feasibility, due to factors like grid connection, environmental impacts, licensing bottlenecks etc. Total theoretical new hydro potential is about 80 TWh Out of this, 46 TWh is protected 16

17 Hydropower in E-CO and environmental impact 17

18 Environmental impact E-CO s power production is based on renewable sources, virtually free of emissions of greenhouse gasses Emissions from one of E-CO s power plants are typically about 0.15 kg CO 2 /MWh (construction included) Emissions from an average European (EU-15) power plant is 526 kg CO 2 /MWh 18

19 Solution to CO 2 problems? Integrated European markets Substituting continental thermal generation Integrating more intermittent renewable power generation Sufficient storage and capacity Electrifying transport 19

20 Green certificates Common Norwegian/Swedish agreement to build 26,4 TWh new power within 2020 through green certificates Consumers of electric power are committed to buy certificates Both new projects and upgrading of existing power plants which brings more energy to the market are included Start up 1. January Equally ambitious commitment, ie. 13,2 TWh in each country - Technology Neutrality - Implementation of strategic transmission lines

21 Norway as a battery for Europe Wind power can be balanced with Norwegian hydro power or local gas power

22 Market challenge Large degree of wind power will result in price fluctuations ZEA JUT NO (South) Amount of hours with 0-price Number of Zero Prices SE (South) Reference Wind FIN DE NL Kilde: Econ Pöyry analyse 22

23 Hydro power is a part of the climate solution Thank you for your attention! BE A SUPPORTER OF HYDRO POWER

E-CO Energi E-CO Energi Company presentation

E-CO Energi E-CO Energi Company presentation E-CO Energi E-CO Energi Company presentation E-CO Energi's vision is to be to be a leading producer of hydropower COMPETENT AND CREATIVE 2 E-CO Energi - a leading energy group Owned 100 % by the City of

More information

E-CO Vannkraft. Welcome to

E-CO Vannkraft. Welcome to E-CO Vannkraft Welcome to www.e-co.no www.e-co.no Organisation per 01.01.2003 Odd Øygarden Managing Director Egil Skøien Economy/Finance Dag Hollekim Human Resources Tore Kolstad Power wholesaler El-engros

More information

Q1 QUARTERLY REPORT 09 E-CO ENERGI

Q1 QUARTERLY REPORT 09 E-CO ENERGI Postboks 255 Sentrum 0103 Oslo Phone 24 11 69 00 Fax 24 11 69 01 www.e-co.no Q1 QUARTERLY REPORT 09 E-CO ENERGI CONSOLIDATED QUARTERLY REPORT 1 JANUARY 2009-31 MARCH 2009 (2008 figures in parentheses)

More information

Norwegian Energy Production and Consumption

Norwegian Energy Production and Consumption Norwegian Energy Production and Consumption Peter Føllesdal Brown Assistant Director General Energy and Water Resources Department, MPE Oslo, 13 May 2015 Norway and EU Commissioner Miguel Arias Cañete

More information

E-CO Annual Report 2004

E-CO Annual Report 2004 1 CONTENTS 03 2004 in brief 04 E-CO Energi 06 Report of the President 08 E-CO Vannkraft 2004 10 E-CO Tech 2004 11 E-CO Norne 2004 13 Annual report 2004 19 Income statement 20 Balance sheet 22 Cash flow

More information

113975 4.0 pumped storage power Of which: Energy intensive industry incl. pulp and paper

113975 4.0 pumped storage power Of which: Energy intensive industry incl. pulp and paper ENERGY IN NORWAY Production and consumption of electric energy in 2012 Preliminary figures GWh % change 2011/2012 Hydropower production 142898 17.6 + Thermal power production 3391 + Wind power production

More information

ANNUAL REPORT 2006 E-CO ENERGI. E-CO Energi P.O.Box 255 Sentrum, NO-0103 Oslo Telephone Telefax

ANNUAL REPORT 2006 E-CO ENERGI. E-CO Energi P.O.Box 255 Sentrum, NO-0103 Oslo Telephone Telefax ANNUAL REPORT 2006 E-CO ENERGI E-CO Energi P.O.Box 255 Sentrum, NO-0103 Oslo Telephone +47 24 11 69 00 Telefax +47 24 11 69 01 www.e-co.no 2006 IN BRIEF The Group s main activities The ownership, operation

More information

Power market integration. Geir-Arne Mo Team Lead Nordic Spot Trading Bergen Energi AS

Power market integration. Geir-Arne Mo Team Lead Nordic Spot Trading Bergen Energi AS Power market integration Geir-Arne Mo Team Lead Nordic Spot Trading Bergen Energi AS 1 Geir-Arne Mo Some background information: Working for Bergen Energi since 2015 Team Lead Nordic Spot Trading I work

More information

Hafslund - a pure play utility

Hafslund - a pure play utility Hafslund - a pure play utility Swedbank First Securities Nordic Energy Summit 2013 21 March 2013 Heidi Ulmo CFO, Hafslund ASA Disclamer Certain statements included within this presentation contain (and

More information

Energy Trading. Jonas Abrahamsson Senior Vice President Trading. E.ON Capital Market Day Nordic Stockholm, July 3, 2006

Energy Trading. Jonas Abrahamsson Senior Vice President Trading. E.ON Capital Market Day Nordic Stockholm, July 3, 2006 Energy Trading Jonas Abrahamsson Senior Vice President Trading E.ON Capital Market Day Nordic Stockholm, July 3, 2006 Agenda The Nordic Power Market The Role of Energy Trading within E.ON Nordic Page 2

More information

7: The electricity market

7: The electricity market 7: The electricity market 94 : Facts 2008 : Energy and Water Resources in Norway The power sector in Norway is regulated by the Energy Act. Market-based power trading is one of the principles incorporated

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

Buildings as a climate solution? Einar Wilhelmsen einarw@zero.no, ZERO

Buildings as a climate solution? Einar Wilhelmsen einarw@zero.no, ZERO Buildings as a climate solution? Einar Wilhelmsen einarw@zero.no, ZERO 350 TWh 0 TWh Fossil 179 TWh (55,5 %) Renewables 143,6 TWh (44,5 %) Millioner liter Path to zero emissions 4 500 Sales of fuel

More information

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

Vattenfall Capital Markets Day 2005

Vattenfall Capital Markets Day 2005 Vattenfall Capital Markets Day 2005 Presentation by Lars G. Josefsson CEO 27 September, 2005 Content 2 1. Overview & recent developments 2. Industry trends 3. Electricity prices 4. Strategic focus 5. Climate

More information

Vision of Jämtland and Trøndelag A living laboratory as a fossil free region

Vision of Jämtland and Trøndelag A living laboratory as a fossil free region Vision of Jämtland and Trøndelag A living laboratory as a fossil free region Jiehong Kong SINTEF Energy Research Teknologi for et bedre samfunn 1 Introduction SINTEF Energy Research Electric Power Systems

More information

Balansekraft fra Norge en god løsning for miljø og klima?

Balansekraft fra Norge en god løsning for miljø og klima? Balansekraft fra Norge en god løsning for miljø og klima? Centre for environmental design of renewable energy - CEDREN Atle Harby, leder av CEDREN The Background Climate Change Towards 2020 Implementation

More information

The Nordic Electricity Exchange and The Nordic Model for a Liberalized Electricity Market

The Nordic Electricity Exchange and The Nordic Model for a Liberalized Electricity Market The Nordic Electricity Exchange and The Nordic Model for a Liberalized Electricity Market 1 The market When the electricity market is liberalized, electricity becomes a commodity like, for instance, grain

More information

E.ON s UK Consolidated Segmental Report for the year ended 31 December 2012

E.ON s UK Consolidated Segmental Report for the year ended 31 December 2012 E.ON s UK Consolidated Segmental Report for the year ended 31 December 2012 Introduction In accordance with the Electricity Generation Licence Condition 16 - Financial Information Reporting, and the Electricity

More information

Analysis of the EU Renewable Directive by a TIMES-Norway

Analysis of the EU Renewable Directive by a TIMES-Norway Analysis of the EU Renewable Directive by a TIMES-Norway NorRen Summer School Arne Lind Institute for Energy Technology 07.08.2012 Outline The EU Renewable Directive (RES) Definition Targets Implications

More information

The Norwegian-Swedish Electricity Certificate Market ANNUAL REPORT 2013

The Norwegian-Swedish Electricity Certificate Market ANNUAL REPORT 2013 The Norwegian-Swedish Electricity Certificate Market ANNUAL REPORT 2013 2 Contents Preface 3 The Nordic electricity market 5 Key figures for 2013 6 How the electricity certificate market works 7 Goal fulfilment

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors September 2006 (revised version) Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or

More information

Windpower Paving way for an industry adventure in the heart of Norway. Anne Strømmen Lycke Nordic Energy Summit 2015 Oslo, March 19th 2015

Windpower Paving way for an industry adventure in the heart of Norway. Anne Strømmen Lycke Nordic Energy Summit 2015 Oslo, March 19th 2015 Windpower Paving way for an industry adventure in the heart of Norway Anne Strømmen Lycke Nordic Energy Summit 2015 Oslo, March 19th 2015 Agenda Why wind? Why is it taking so long? Sarepta Energi The Ytre

More information

NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT

NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT International Conference Nuclear Energy for New Europe 2002 Kranjska Gora, Slovenia, September 9-12, 2002 www.drustvo-js.si/gora2002 NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT

More information

Arktis en kilde til fornybar energi?

Arktis en kilde til fornybar energi? Arktis en kilde til fornybar energi? Ånund Killingtveit 1 1 Norwegian University of Science and Technology Centre for environmental design of renewable energy - CEDREN SRREN was prepared for WG III In

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

Role of Northern European forestry in the energy production chain, case Fortum. Jari Nylén Purchasing Manager Fortum Power and Heat Oy, HEAT

Role of Northern European forestry in the energy production chain, case Fortum. Jari Nylén Purchasing Manager Fortum Power and Heat Oy, HEAT Role of Northern European forestry in the energy production chain, case Fortum Jari Nylén Purchasing Manager Fortum Power and Heat Oy, HEAT 8.11.2007 1 Fortum - A leading Nordic energy company The Nordic

More information

Vattenfall Capital Markets Day 2009

Vattenfall Capital Markets Day 2009 Vattenfall Capital Markets Day 2009 Presentation by: Hans von Uthmann Senior Executive Vice President Head of Business Group Nordic Amsterdam, 23 September 2009 Contents Overview Business Group Nordic

More information

E.ON Nordic: Steady Value Growth

E.ON Nordic: Steady Value Growth E.ON Nordic: Steady Value Growth Lars Frithiof Chief Executive Officer, E.ON Nordic E.ON Capital Market Day Nordic Stockholm, July 3, 2006 Topics for the day Introduction to E.ON Nordic Our achievements

More information

Smart Grid Challenges and Opportunities the Norwegian Perspective

Smart Grid Challenges and Opportunities the Norwegian Perspective Smart Grid Challenges and Opportunities the Norwegian Perspective Kjell Sand, Professor, Sintef Energy Research /NTNU/ The Norwegian Smart Grid Centre IEC Open Council Oslo 2012-10-05 The Norwegian Smartgrid

More information

Electric vehicles or use of hydrogen in the Norwegian transport sector in 2050?

Electric vehicles or use of hydrogen in the Norwegian transport sector in 2050? Electric vehicles or use of hydrogen in the Norwegian transport sector in 2050? Klaus Skytte DTU Management Engineering Energy Economics and Regulation klsk@dtu.dk TOP NEST workshop - WP2 NIFU, Oslo, 2

More information

3. Q 2 uarte 0 rly A 0 ccou6 nts

3. Q 2 uarte 0 rly A 0 ccou6 nts 3. Quarterly 2006 Accounts at 30. September Contents 3 Board of directors comments 6 Profit and loss account 8 Balance sheet 10 Cash flow statement Statnett Quarterly Account as of 30 th September 2006

More information

Maintaining electricity security across the Nord Pool market. Sergey Ilyukhin, Fortum 28 April 2016

Maintaining electricity security across the Nord Pool market. Sergey Ilyukhin, Fortum 28 April 2016 Maintaining electricity security across the market Sergey Ilyukhin, Fortum 28 April 2016 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire

More information

EUROPEAN ELECTRICITY MARKET INTEGRATION: THE NORDIC EXPERIENCES

EUROPEAN ELECTRICITY MARKET INTEGRATION: THE NORDIC EXPERIENCES EUROPEAN ELECTRICITY MARKET INTEGRATION: THE NORDIC EXPERIENCES Lars Bergman Stockholm School of Economics Box 6501 SE-113 83 Stockholm, Sweden Abstract During the 1990s the electricity markets in Norway,

More information

Environmental report for Danish electricity and CHP

Environmental report for Danish electricity and CHP Environmental report for Danish electricity and CHP summary of the status year 2012 Energinet.dk is the transmission system operator for electricity and gas in Denmark. In accordance with the Danish Electricity

More information

Eco Server Park The Responsible Power Ready Location

Eco Server Park The Responsible Power Ready Location Eco Server Park The Responsible Power Ready Location Power generation at site, multiple redundancy, transformers in place. Green power biomass, hydro, wind and solar. Site fully owned by the local grid

More information

Nordic Energy Summit Executive Vice President Bente M. Haaland Oslo, March 19th, 2015

Nordic Energy Summit Executive Vice President Bente M. Haaland Oslo, March 19th, 2015 Nordic Energy Summit 2015 Executive Vice President Bente M. Haaland Oslo, March 19th, 2015 Transmission System Operator in the Norwegian energy system Statnett operates and owns about 11 000 km of lines

More information

5: Organisation and ownership in the power sector 75. Organisation and ownership in the power sector

5: Organisation and ownership in the power sector 75. Organisation and ownership in the power sector 4: 5: Organisation and ownership in the power sector 75 5: Organisation and ownership in the power sector 76 : Facts 2008 : Energy and Water Resources in Norway 5.1 Organisation and restructuring of the

More information

FINNGULF LNG LNG IMPORT TO FINLAND

FINNGULF LNG LNG IMPORT TO FINLAND FINNGULF LNG LNG IMPORT TO FINLAND CLEANLY WITH NATURAL ENERGY GASES Gasum is a Finnish expert in natural energy gases. We import natural gas to Finland, and transmit and supply it for energy production,

More information

The Petrol Group's Business Plan and Key Targets for 2015 with Targets up to 2019 Summary

The Petrol Group's Business Plan and Key Targets for 2015 with Targets up to 2019 Summary The Petrol Group's Business Plan and Key Targets for 2015 with Targets up to 2019 Summary December 2014 CONTENTS INTRODUCTION... 3 THE PETROL GROUP'S FINANCIAL PERFORMANCE PLAN FOR 2015... 3 STRATEGIC

More information

Carbon Price Transfer in Norway

Carbon Price Transfer in Norway Public ISDN nr. 978-82-93150-03-9 THEMA Report 2011-1 Carbon Price Transfer in Norway The Effect of the EU-ETS on Norwegian Power Prices Commissioned by Energy Norway, Federation of Norwegian Industries

More information

GDF SUEZ. Introduction. Jean-François Cirelli

GDF SUEZ. Introduction. Jean-François Cirelli GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance

More information

The River Devoll Project

The River Devoll Project EVN Hydropower Development in Albania The River Devoll Project Dr. Michael Laengle, CFO Agenda > EVN Overview and strategy > Albania Electricity market in SEE > The River Devoll project 2 Company profile

More information

STATKRAFT IN SOUTH-EAST EUROPE VIENNA, MARCH

STATKRAFT IN SOUTH-EAST EUROPE VIENNA, MARCH STATKRAFT IN SOUTH-EAST EUROPE VIENNA, MARCH 3 2010 No. 1 90% 265 35% 3400 EMPLOYEES.. WITHIN RENEWABLES IN EUROPE RENEWABLE ENERGY POWER AND DISTRICT HEATING PLANTS OF NORWAY S POWER GENERATION...IN MORE

More information

Role of Hydro Power in the Finnish Energy System

Role of Hydro Power in the Finnish Energy System Mr. Aimo Takala President and CEO Role of Hydro Power in the Finnish Energy System Electricity Generation in Nordic market area 2011 Electricity Production by Energy Sources 2012 (67,7 TWh) Coal 10,2 %

More information

ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND

ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND Eivind Torblaa, Head of Asset Management - Wind Det Norske Videnskaps-Akademi 3 oktober 2014 Agenda Litt om Statkraft Vind i Statkraft - Tilbakeblikk

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors October 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or

More information

Qua 2 rtel 0 y Ac 0 cou 6 nts

Qua 2 rtel 0 y Ac 0 cou 6 nts Quartely 2006 Accounts as of 30 th June Contents 3 Board of directors report 6 Profit and loss account 8 Balance sheet 10 Cash flow statement Q2 2006 The Statnett Group posted a net profit after tax of

More information

Interim report. as of 31 st March 2006

Interim report. as of 31 st March 2006 Interim report as of 31 st March 2006 Contents 3 Board of directors report 5 Profi t and loss account 6 Balance sheet 8 Cash fl ow statement Q1 2006 The Statnett Group is for the fi rst time posting quarterly

More information

Sale of Fortum s electricity distribution business in Sweden

Sale of Fortum s electricity distribution business in Sweden Sale of Fortum s electricity distribution business in Sweden Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares.

More information

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement

More information

EMPOWERING GROWTH OF LITHUANIA: ELECTRICITY MARKET IN SWEDEN, POLAND AND LITHUANIA Daivis Virbickas, Litgrid CEO

EMPOWERING GROWTH OF LITHUANIA: ELECTRICITY MARKET IN SWEDEN, POLAND AND LITHUANIA Daivis Virbickas, Litgrid CEO EMPOWERING GROWTH OF LITHUANIA: ELECTRICITY MARKET IN SWEDEN, POLAND AND LITHUANIA 2014-2016 Daivis Virbickas, Litgrid CEO 2014 11 20 Contents Power generation Wholesale Retail Transmission Distribution

More information

Utilization of renewable energy sources and their role in climate change mitigation. Norsk Energi s experience

Utilization of renewable energy sources and their role in climate change mitigation. Norsk Energi s experience European Economic Area Financial Mechanism. 2009-2014 Programme National Climate Policy Utilization of renewable energy sources and their role in climate change mitigation Norsk Energi s experience Sergei

More information

Assessment of the economic viability of balancing from Norwegian hydro from the perspective of a single power producer

Assessment of the economic viability of balancing from Norwegian hydro from the perspective of a single power producer Assessment of the economic viability of balancing from Norwegian hydro from the perspective of a single power producer ove.wolfgang@sintef.no HydroBalance User Meeting, 18-19 November 2014 SINTEF Energi

More information

ERMInE Database. Presentation by Nils Flatabø SINTEF Energy Research. ERMInE Workshop 2 - Northern Europe Oslo, 1. November 2006

ERMInE Database. Presentation by Nils Flatabø SINTEF Energy Research. ERMInE Workshop 2 - Northern Europe Oslo, 1. November 2006 ERMInE Database Presentation by Nils Flatabø SINTEF Energy Research ERMInE Workshop 2 - Northern Europe Oslo, 1. November 26 Overview Content of the Ermine Database Electronic Questionnaire RTD&D Data

More information

VESI JA ENERGIA VIENTITUOTTEENA. Fortum Miko Olkkonen Senior Executing Manager, Hydro Projects Fortum Power & Heat Oy

VESI JA ENERGIA VIENTITUOTTEENA. Fortum Miko Olkkonen Senior Executing Manager, Hydro Projects Fortum Power & Heat Oy VESI JA ENERGIA VIENTITUOTTEENA Fortum Senior Executing Manager, Hydro Projects Fortum Power & Heat Oy Fortum s strategy relies strongly in Hydro Mission Fortum s purpose is to create energy that improves

More information

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives SaskPower CCS Global Consortium Bringing Boundary Dam to the World Mike Monea, President Carbon Capture and Storage Initiatives 1 Purpose of Today A. CCS around the world B. What SaskPower is doing C.

More information

R&D roadmap for Norwegian offshore wind power. R&D roadmap for Norwegian offshore wind power

R&D roadmap for Norwegian offshore wind power. R&D roadmap for Norwegian offshore wind power R&D roadmap for Norwegian offshore wind power The Research Council of Norway s RENERGI programme is seeking to commission consultants to draw up an R&D roadmap for the development of technology, industry

More information

Senior Vice President Jan Alne, Statkraft Energi AS

Senior Vice President Jan Alne, Statkraft Energi AS ISGAN Workshop 8th October 2013 Hydro, Wind & Solar integration - from a Norwegian producer point of view side 1 Introkurs for nyansatte i Tyssedal Senior Vice President Jan Alne, Statkraft Energi AS NORWAY-SUITABLE

More information

Norsk vannkrafts rolle i Europa

Norsk vannkrafts rolle i Europa Norsk vannkrafts rolle i Europa Tekna Oslo, 28 Apr. 2015 Prof. Magnus Korpås Inst. for elkraftteknikk NTNU Norwegian University of Science and Technology Norwegian University of Science and Technology

More information

RWE Trading as operating company within the RWE Group

RWE Trading as operating company within the RWE Group Power Trading as operating company within the Group AG (Group Center) Power Dea Gas Midstream Trading Energy npower Systems Upstream (Production) Electricity generation Gas and oil production Gas Midstream

More information

1. Quarterly Accounts

1. Quarterly Accounts 1. Quarterly Accounts at. 31. March 2007 Statnett Quarterly Accounts as of 31 th March 2007 1 CONTENT 3 Quarterly Accounts 6 Profit & loss 7 Balance sheet 9 Change in equity 10 Cash flow statement 1. Quarterly

More information

Adapting Gas-Power Generation to New Role in Low-Carbon Energy Systems

Adapting Gas-Power Generation to New Role in Low-Carbon Energy Systems Adapting Gas-Power Generation to New Role in Low-Carbon Energy Systems Sandra Scalari Enel Ingegneria e Ricerca SpA Copenhagen, May 27-28 th 2014 Enel Presentation Generation Shift & Market in Europe Enel

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Ementor ASA Carbon Footprint Analysis 2007

Ementor ASA Carbon Footprint Analysis 2007 Ementor ASA Carbon Footprint Analysis 2007 Key figures Ementor Group 2007 The Carbon Footprint Analysis is part of Ementor ASA s corporate efforts on becoming an environmentally conscious service provider.

More information

National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission

National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission Ref: 1842/601/2015 10.7.2015 National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission Finland National Report 2015 - Energy Authority, Finland 1 CONTENT

More information

British Columbia s Clean Energy Vision

British Columbia s Clean Energy Vision British Columbia s Clean Energy Vision Innovative Technologies and Green Energy Solutions National Environmental Conference Brunei Darussalam July 1, 2010 Profile of British Columbia Overview British

More information

TURKEY S HYDROPOWER POTENTIAL and

TURKEY S HYDROPOWER POTENTIAL and ERE OTOPRODÜKTÖR, ELEKTRİK ÜRETİM, İLETİM ve DAĞITIM SANAYİ ve TİCARET A.Ş. TURKEY S HYDROPOWER POTENTIAL and REVIEW of ELECTRICITY GENERATION POLICIES from EU PERSPECTIVE FEASIBILITY CRITERIA FOR HEPP

More information

investor.relations@iberdrola.es T: + 34 91 784 28 04 F: + 34 91 784 20 64 UPCOMING EVENTS 2007 FIRST HALF RESULTS: JULY 25th, 2007.

investor.relations@iberdrola.es T: + 34 91 784 28 04 F: + 34 91 784 20 64 UPCOMING EVENTS 2007 FIRST HALF RESULTS: JULY 25th, 2007. UPCOMING EVENTS 2007 FIRST HALF RESULTS: JULY 25th, 2007. IBERDROLA s Net Electricity Production (provisional) (1) April Year 2007 TOTAL GROUP GWh % Weight Vs 2006 GWh % Weight Vs 2006 Hydro 3,735 12.5%

More information

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World...

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World... ESBI Company Profile ESB International Bringing Energy Innovation to the World... ESB International ESBI is one of Europe s most progressive and commercially focused electricity consultancy firms with

More information

Medium voltage products. Technical guide Smart grids

Medium voltage products. Technical guide Smart grids Medium voltage products Technical guide Smart grids Contents 2 1. Introduction 8 2 The different components and functions of a smart grid 8 2.1 Integration of distributed renewable energy sources 9 2.2

More information

Meeting Sweden s current and future challenges

Meeting Sweden s current and future challenges 1 Meeting Sweden s current and future challenges Thank you for the opportunity for me to share some thoughts regarding the future challenges that the electricity market faces. Let me first say that the

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Integrating 300 GW wind power in European power systems: challenges and recommendations. Frans Van Hulle Technical Advisor

Integrating 300 GW wind power in European power systems: challenges and recommendations. Frans Van Hulle Technical Advisor Integrating 300 GW wind power in European power systems: challenges and recommendations Frans Van Hulle Technical Advisor Worldbank, SDN Week, Washington, February 21-22, 2008 Leonard Crettaz What is the

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors May 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose

More information

Impacts of large-scale solar and wind power production on the balance of the Swedish power system

Impacts of large-scale solar and wind power production on the balance of the Swedish power system Impacts of large-scale solar and wind power production on the balance of the Swedish power system Joakim Widén 1,*, Magnus Åberg 1, Dag Henning 2 1 Department of Engineering Sciences, Uppsala University,

More information

The Liberalized Electricity Market

The Liberalized Electricity Market 1. The market When the electricity market is liberalized, electricity becomes a commodity like, for instance, grain or oil. At the outset, there is as in all other markets a wholesale market and a retail

More information

Future challenges in the Swedish electricity production

Future challenges in the Swedish electricity production Future challenges in the Swedish electricity production Presentation at The Finnish Nuclear Society s 40th Anniversary Helsinki, October 13, 2006 Bo Källstrand, Managing Director Svensk Energi Sweden,

More information

Hydropower as an integrated part of the aluminium business

Hydropower as an integrated part of the aluminium business Hydropower as an integrated part of the aluminium business Arvid Moss, Executive Vice President and Head of Energy and Corporate Business Development January 17, 2013 Hydro s new platform 01 (2) Hydro

More information

VERBUND AG, www.verbund.com

VERBUND AG, www.verbund.com VERBUND Results quarter 1/2015 Vienna, 06/05/2015 Results quarter 1/2015 Page 3 At a glance Influencing factors Water supply 3% above long-term average and 10%-points above Q1/2014 Reduction of average

More information

Energy. Arvid Moss. Capital Markets Day 2015

Energy. Arvid Moss. Capital Markets Day 2015 Energy Arvid Moss Capital Markets Day 2015 Aiming for an injury-free working environment Total recordable injuries (TRI) per million hours worked 24 20 16 12 8 4 0 2008 2009 2010 2011 2012 2013 2014 2015

More information

Report on regulation and the electricity market

Report on regulation and the electricity market Report on regulation and the electricity market 2011 Norway Norwegian Water Resources and Energy Directorate (NVE) 31 st of July 2011 1 Table of contents 1 Foreword 3 2 Main developments in the electricity

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

Itämeren alueen energiahaasteet yhteinen etu vai riesa?

Itämeren alueen energiahaasteet yhteinen etu vai riesa? Itämeren alueen energiahaasteet yhteinen etu vai riesa? Itämeri-foorumi 2012 Turku 7.6.2012 Harro Pitkänen 13 JUNE 2012 NIB - Basic information Founded by the Nordic countries in 1975 (active since 1976)

More information

Promotion of energy efficiency and renewable energy experiences from Norway

Promotion of energy efficiency and renewable energy experiences from Norway Business planning of Renewable Energy and Energy Efficiency Projects in Ukraine and Eastern Europe Kiev 28. April 2011 Promotion of energy efficiency and renewable energy experiences from Norway Hans Borchsenius

More information

Vattenfall s E-mobility program

Vattenfall s E-mobility program Vattenfall s E-mobility program 23 November 2010 Tommy Lindholm Content Overview of Vattenfall Vattenfall E-mobility program Vattenfall History 1909 Vattenfall founded 1910 Hydro power (Olidan) 1952 Transmission

More information

Stockholm Royal Seaport - a smart grid for a sustainable city project

Stockholm Royal Seaport - a smart grid for a sustainable city project Stockholm Royal Seaport - a smart grid for a sustainable city project IEA DSM Program Workshop The smartness of smart grids Stockholm October 6, 13 18 Tomas Wall, VP R&D Sweden, Fortum Corporation 1 The

More information

Hedging with FTRs and CCfDs Introduction

Hedging with FTRs and CCfDs Introduction Hedging with FTRs and CCfDs Introduction This document discusses hedging with Financial Transmission Rights (FTRs) and Cross-border Contracts for Difference (CCfDs) Further, the presentation discusses

More information

Wind Power and District Heating

Wind Power and District Heating 1 Wind Power and District Heating New business opportunity for CHP systems: sale of balancing services Executive summary - Both wind power and Combined Heat and Power (CHP) can reduce the consumption of

More information

Clean coal from a Vattenfall perspective

Clean coal from a Vattenfall perspective Clean coal from a Vattenfall perspective 14 April 2010 Torbjörn Wahlborg, Senior Executive Vice President Head of Business Group Nordic Vattenfall in brief Europe s fifth largest generator of electricity

More information

National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission

National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission Ref: 1602/601/2014 10.7.2014 National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission Finland National Report 2014 - Energy Authority, Finland 1 CONTENT

More information

Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013

Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013 Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013 Karin Widegren, Director Swedish Coordination Council for Smart Grid Outline of presentation Who we are -

More information

Developing solar in emerging markets

Developing solar in emerging markets Developing solar in emerging markets Swedbank Conference March 17, 2016 Our values Predictable Driving results Change makers Working together Disclaimer The following presentation is being made only to,

More information

FOURTH QUARTER 2005. Highlights from fourth quarter 2005 include:

FOURTH QUARTER 2005. Highlights from fourth quarter 2005 include: FOURTH QUARTER 2005 Highlights from fourth quarter 2005 include: Revenues of 675 MNOK (+2% percent relative to fourth quarter 2004, +6% after adjusting for currency effects and acquisitions/disposals)

More information

NORDIC ENERGY SUMMIT. Christian Rynning-Tønnesen 19 March 2015

NORDIC ENERGY SUMMIT. Christian Rynning-Tønnesen 19 March 2015 NORDIC ENERGY SUMMIT Christian Rynning-Tønnesen 19 March 2015 Strong energy demand growth outside Europe Electricity demand (indexed in 2000) 240 220 200 180 Peru India Turkey Brazil Chile 160 140 120

More information

The Danish regions. 2 www.regionmidtjylland.dk

The Danish regions. 2 www.regionmidtjylland.dk Renewable Energy and Environmental development The effort of Central Denmark Region Henning Gjellerod Member of the region-council www.regionmidtjylland.dk The Danish regions 2 www.regionmidtjylland.dk

More information

3. Buying non-accredited green power from electricity retailer

3. Buying non-accredited green power from electricity retailer ATTACHMENT 1 Understanding Australia s Renewable Energy Market In Australia electricity customers have four options for neutralising the greenhouse emissions associated with their electricity use. These

More information

Renewable Energy Development Hydropower in Norway

Renewable Energy Development Hydropower in Norway I N T E R N A T I O N A L B U S I N E S S P R O G R A M S Master Program in International Finance and Economics (MiFE) S E M I N A R P A P E R S I N I N T E R N A T I O N A L F I N A N C E A N D E C O

More information

Business Models for Energy Storage

Business Models for Energy Storage Business Models for Energy Storage Michael Pollitt With thanks to Francisco Castellano Ruz and Karim Anaya Judge Business School University of Cambridge UKES 2015 University of Birmingham 26 November 2015

More information