Falling power prices hit Statkraft Q1 profits

Statkraft reports a decrease in profits for Q1 2024 due to falling power prices, affected by lower gas prices, mild winter, and reduced demand. Despite this, Statkraft's power generation, particularly from Norwegian and Brazilian hydropower, remained strong. The company is adapting well to market changes with a robust business model.

Source:

https://renews.biz/93003/falling-power-prices-hit-statkraft-q1-profits/

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