Statoil and Statkraft scrap unmarketable Siemens plant

Just 10 years after the inauguration of the loss-making Norwegian gas power plant, the expensive facility is now poised to be sold as scrap.

Photo: Naturkraft

In a few months, bad timing will claim another victim. Less than 10 years after the inauguration of Norwegian gas power plant Kårstø of 420 MW, the plant is now being torn down and sold for scrap.

Following a protracted sale process, the owners – Statoil and Statkraft company Naturgas – have given up on finding a buyer, reports Norwegian media Montel.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs