Second quarter results 2024

16 August 2024: Today, our CEO, Terje Pilskog and CFO, Hans Jakob Hegge present our Q2 results. 

“I am pleased with another good quarter and strong overall results, with new operating assets contributing positively.  Our commitment to grow renewables is evident and I am happy to see construction of our new projects progressing well,” says CEO Terje Pilskog.  

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Solid strategic progress

  • Proportionate revenues of NOK 1.5 billion and EBITDA of NOK 951 million
  • Construction progressing well with 10% underlying D&C-margin
  • Signed 10-year PPA with Statkraft for 142 MW in Brazil
  • Signed 20-year ammonia offtake with Fertiglobe and Heads of Terms for ammonia offtake with Yara Clean Ammonia
  • Ranked 2nd most sustainable company in Norway and 99th in the world by TIME
  • NOK 170 million in proceeds from refinancing in the Philippines

Financial webcast

Fourth quarter presentation