Onshore Wind Opposition Boosts Offshore Projects, Statkraft CEO says

The video discusses the impact of weather on energy demand and profits, highlighting the return to normal electricity prices in Scandinavia. It explains hedging strategies and hydropower storage to stabilize income. The company is investing in onshore and offshore wind projects, with a focus on hydropower, wind, and solar for future growth. The Nordic region is expected to have sufficient power supply for upcoming electrification projects, including hydrogen and green ammonia.

What was the primary reason for the low electricity prices in Scandinavia in 2020?

• A large amount of snow melting

• The COVID-19 pandemic

• Increased energy demand

• A decrease in energy production

How does StarCraft ensure stable income despite fluctuating power prices?

• By selling all production in advance

• By investing only in solar power

• By reducing production costs

• By hedging a third of expected production

Why is StarCraft shifting some of its focus to offshore wind projects?

• Due to high costs of onshore projects

• Because of resistance to onshore wind power

• To take advantage of government subsidies

• To reduce environmental impact

What is the main strategy of StarCraft in terms of energy production?

• Expanding hydropower, onshore wind, and solar power

• Investing only in solar power

• Reducing investments in renewable energy

• Focusing on offshore wind exclusively

What is the current power situation in Norway and Sweden?

• There is a power surplus

• Power is mostly imported

• There is a power deficit

• Power supply is equal to demand