EnergyWatch

Statkraft rebounds after strong first quarter

The Norwegian utility has managed to turn things around during this year's first quarter following a horrible 2020.

Photo: PR / Statkraft

Norwegian state-owned power company Statkraft exits the first quarter of 2021 showing strong signs of recovery after suffering many setbacks last year.

Whereas the utility was heavily burdened in 2020 by numerous factors like the Nordic region's low power prices, which played a major role in squeezing the group's bottom line, the situation certainly turned around in the first three months of the year.

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