Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
2023-11-10 07:00:00
Highlights 9M 2023
Power production in the period 1 January 2023 to 30 September 2023 was 10 847
MWh, 2.7 per cent above budget and representing 92.8 per cent of expected
full-year 2023 production.
Sales price of electricity in the Netherlands for the first 9 months in 2023 has
dropped 51 per cent compared to 2022, from EUR 205 per MWh to EUR 99,53 per MWh.
Although RVO (The Netherlands Enterprise Agency) decided a 2023 invoice price of
EUR 150 per MWh, the financial report reflects a revenue recognition of EUR
99.53 per MWh for 2023 YTD.
Revenues came in at NOK 55.5 million in the period. The Dutch installation and
service business revenues grew 28 per cent year-on-year contributing with 38.8
million.
Group EBITDA came at a loss of NOK 3.57 million in the period. The Netherlands
delivered a positive EBITDA of NOK 9.1 million, Italy and Singapore had a
positive EBITDA of NOK 0.7 million, while Norway had an EBITDA loss of NOK 13.3
million mainly due to expensing of Norwegian project development costs.
Net cash flow the first 9 months was positive with NOK 13.2 million, increasing
Group cash position to NOK 37.2 million at the end of the reporting period.
Project development pipeline in Norway stands at 20 projects under contract with
potential of more than 1 000 MW installed effect at the date of this report.
The Norwegian Water Resources and Energy Directorate ("NVE") announced
additional changes to concession application procedures for ground mounted Solar
PV power plants in the third quarter. Projects must now have completed a
maturity assessment by the grid company with grid connection approved on all
grid levels including the TSO (Statnett) prior to NVE starting the concession
approval procedures. The revised requirement increases lead time for project
execution further.
For further information, please contact:
CEO, Viktor Jakobsen, email: viktor@energeia.no and telephone: +47 916 11 009
Deputy CEO, Jarl Egil Markussen, email: jarl@energeia.no and telephone: +47 480
23 214
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.