Highlights of the second half of 2024
- Bond tap issue of EUR 24.5 million secured at attractive pricing level
- Power revenue and adj. EBITDA curbed by electricity prices
- Solid pipeline of power stations under construction and planning
Increased renewable power production
Added production capacity of 27 GWh. Total production of 951 GWh, 31 percent increase compared to 728 GWh in 2H 2023.
Upgrading plants for improved sustainability
No material Health, Safety
and Environmental (HSE) incidents were experienced during the period.
Decreased system prices
The average monthly Nordpool system prices decreased from 29.0 EUR/ MWh in 2H 2023 to 25.5 EUR/ MWh in 2H 2024.
Limited interconnector capacity between north and south still gives significant price differences between the Nordic price areas.
Adding capacity, expanding powerplant pipeline
Adding capacity of 27 GWh in 2H 2024. Ongoing construction program securing additional 289 GWh over the next two years.