6 May 2022
The USA and Norway join forces on First Movers Coalition
Norway will be the first country to enter into a partnership in the American industrial coalition First Movers Coalition. The partnership was entered into in connection with the US special envoy for climate change, John Kerry's meeting with Minister of Trade and Industry Jan Christian Vestre on Friday 6 May.
The Coalition is a US-led initiative to help accelerate the development of markets for new, sustainable technologies. Aker and Yara are among the initial participants from the Norwegian side, with participating companies committed to establish and accelerate the development of markets for new technology that are crucial in the transition to the zero-emission society.
According to the US Special Envoy for Climate Change, John Kerry, “The partnership will be a contribution to reducing emissions from the most demanding sectors of the global economy.”
Norwegian Government press release
Scatec takes a write-down of NOK 770 million over Ukraine
Scatec, a Norwegian solar power developer, reported its 1Q22 financial results today, which were deeply in the red. Total revenues were down to NOK 759 million from NOK 831 million in the same period last year. Including the results from the subsidiaries, revenue was NOK 1.01 billion and the operating profit before depreciation (ebitda) was NOK 398 million. In the same period last year, revenues were NOK 954 million and EBITDA of NOK 636 million.
However, once including write-downs, Scatec made a pre-tax loss of NOK 1.01 billion, which was largely the effect of its Ukraine operations. Scatec has been a leading player in the development of renewable energy in Ukraine in recent years, operating five solar parks in the central and southern parts of the country. The customer is the Ukrainian state, which has bought the power on long-term contracts several years ahead. Despite the facilities being 95% operational, the volatile situation forced Scatec to make a writedown of NOK 770 million.
Scatec shares were down almost 15% over the day.
Metacon delivers pilot contract to PERIC Hydrogen Technology.
Within the framework of its partnership agreement with PERIC Hydrogen Technology, Metacon has successfully completed a first evaluation project for sales and business development of PERIC's electrolysis portfolio in the US market. PERIC Hydrogen Technology has ordered a 5 MW electrolysis plant, earning Metacon a commission of approximately SEK 750,000.
PostNord is one of Europe's climate leaders according to the Financial Times
In the second edition of the Financial Times and Statistics' list of Europe's climate leaders, PostNord has qualified as one of the 400 companies leading the way to a low-carbon economy.
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
Powered by Notified