GlobeNewswire

Statkraft to build, sell and manage two Irish wind farms

Share

(Cork/London/Oslo 21 December 2020) Statkraft has decided to construct Cloghan and Taghart wind farms in Ireland. In addition, the company has agreed to sell the wind farms to Greencoat Renewables PLC while retaining responsibility for the construction and the long-term operation and management, in line with Statkraft’s strategy to build, sell, operate and trade power.

Cloghan (37.8MW) is located in County Offaly and Taghart (25.2MW) in County Cavan in Ireland. Construction will commence early 2021. Statkraft will manage the construction of both wind farms and will provide operational management services for the wind farms in the operations phase. The ownership of the assets will be transferred to Greencoat Renewables PLC when they become operational in 2022. The total value of the project, including construction costs, is €123 million.

Commenting on the investment decision, Statkraft Ireland Managing Director, Kevin O’Donovan said; “Statkraft is playing a leading role in the global transition to a low carbon future and I am really pleased to see the financial partnership with Greencoat Renewables contributing to delivering Ireland’s carbon reduction targets”.

Statkraft secured 15-year fixed price contracts for the two wind projects and two solar projects in Ireland’s first competitive auction under the Government’s new Renewable Electricity Support Scheme (RESS-1) earlier this year.

Paul O’Donnell, Partner at Greencoat Capital, the Investment Manager, said:

“Securing our first assets under RESS is an important milestone for us as the RESS auctions will continue to support the growth of the Irish renewables market. We expect this combination of contracted revenues and forward-purchases to become commonplace in both Ireland and Europe over the next few years, and we believe Greencoat Renewables is well positioned given our scale and the strength of our relationships. We look forward to working with Statkraft and adding these two quality wind farms to our portfolio in two years’ time.”

With 4000 employees in 17 countries Statkraft is Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, as well as being a global player in trading energy and the roll out of EV charging networks. In Ireland, Statkraft develops, owns and operates renewable production facilities having already constructed its first wind and battery projects in 2019. Employing almost 60 people in Ireland the company is involved in the trading and origination of power from its own projects and those of third parties.

The company’s global ambition is to become a major wind and solar developer, aiming at an installed capacity of 6 GW wind and 2 GW solar by 2025. This includes an ambitious pipeline of projects in Ireland.

Mr O’Donovan added; “We believe that Ireland will be one of the leading growth markets for wind and solar power, given the country’s significant renewable energy resources”.

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,000 employees in 17 countries. www.statkraft.ie


About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro‐denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other Northern European countries with stable and robust renewable energy frameworks. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector. http://www.greencoat‐renewables.com/


About RESS-1
RESS 1 is the first Renewable Electricity Support Scheme by the Government of Ireland, one element of the Government’s Climate Action Plan to deliver on the 70% renewable electricity target by 2030. EirGrid ran the auction on the 28th July 2020

For more information, please contact:

Torbjørn Steen, Vice President Communications, European Wind and Solar
E-mail: torbjorn.steen@statkraft.com
Mob: +47 911 66 888

Lars Magnus Günther, press spokesperson Statkraft AS
E-mail: lars.gunther@statkraft.com
Mob: +47 912 41 636


About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Juniper Systems Limited Releases New Uinta Software Worldwide26.1.2021 05:16:00 CETPress release

Summary: Uinta™, powerful data collection software from Juniper Systems Limited, is now available throughout EMEA and India, for field crews in asset management, mapping, natural resources, and other industries. BIRMINGHAM, United Kingdom, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Juniper Systems Limited, a manufacturer of rugged handheld computers and GNSS receivers, introduces Uinta™, powerful data collection software for field crews using Microsoft® Windows 10 OS on tablets, who require detailed forms, maps and customisation. Now available throughout Europe, the Middle East, Africa (EMEA), and India, Uinta (yü-ӘN-tah) offers data collection tools such as detailed mapping with points, lines, and areas, form-based notes, and flexibility, delivering a high level of customisation specific to an organisation’s needs. ‘Historically, Juniper Systems has manufactured rugged computer hardware. We’re excited now to offer user-friendly software for many industries, including mapping and asset manageme

PRESS RELEASE: NACON: Q3 2020/21 Sales: 48.7 M€, + 20.3%25.1.2021 17:45:00 CETPress release

Press release Lesquin, 25 January 2021 17:45hrs Q3 2020/21 Sales: 48.7 M€, + 20.3% ·Gaming Accessories : 32.5 M€, + 59% ·Games Back catalogue : 6.9 M€, + 216% ·Confirmation of annual targets IFRS – M€ Sales 2020/2021 2019/2020 Change 1st Quarter 38.0 30.5 + 24.5% 2nd Quarter 48.6 33.2 + 46.4% 3rd Quarter (1) Games Accessories Others (2) 48.7 13.8 32.5 2.3 40.5 17.2 20.5 2.8 + 20.3% - 19.7% + 58.7% - 16.3% Cumulative 31 December (9 months) Games Accessories Others (2) 135.3 46.6 84.1 4.5 104.2 55.0 44.1 5.1 + 29.9% - 15.1% + 90.5% - 10.4% (1) Non audited data (2)Mobile and Audio sales Further strong growth in Q3 2020/21: +20.3% In Q3 2020/21 (1 October to 31 December 2020), Nacon posted 48.7 M€ sales up 20.3%, driven by the performance of RIG® headsets and increased back catalogue sales. GAMES Due to Q3 publishing releases limited to just two new games targetting profitable but narrow niches (Monster Truck®, Handball 21), sales were down by 19.7%. The share of digital sales grew further

PRESS RELEASE: BIGBEN: Cumulative 9 month Sales 2020/21: 223.1 M€ (+ 5%)25.1.2021 17:45:00 CETPress release

Press release Lesquin, 25 January 2021 17:45hrs Cumulative 9 month Sales 2020/21: 223.1 M€ (+ 5%) Q3 Sales showing growth hallmarked by: ·the further momentum of Nacon Gaming ·The limited impact of the 2 nd lockdown in Audio/Telco IFRS – M€ Sales 2020/2021 2019/2020 Change 1st Quarter (April, May, June) Nacon Gaming Bigben Audio / Telco 55.2 38.0 17.2 58.6 30.5 28.1 - 5.8% + 24.5% - 38.7%2nd Quarter (July, Aug., Sept.) Nacon Gaming Bigben Audio / Telco80.6 48.6 32.068.5 33.2 35,3+ 17.7% + 46.4% - 9.4%3rd Quarter (October, Nov., Dec.) (1) Nacon Gaming Bigben Audio / Telco87.3 48.6 38.785.4 40.5 44.9+ 2.3% + 20.3% - 13.9%Cumulative 9 month (Apr-Dec 2020) Nacon Gaming Bigben Audio / Telco223.1 135.3 87.8212.4 104.2 108.2+ 5.0% + 29.9% - 18.9% (1) Non audited data Sales up 2.3% in Q3 2020/21 In Q3 2020/2021 (from October 1 to December 31, 2020), Bigben posted 87.3 M€ sales up 2.3%, driven by the momentum of Nacon Gaming, while the recovery of Audio/Telco was slowed down by the 2nd lockdown

Fire Departments Can Improve Fire Safety with Free Analytics Platform from Verisk25.1.2021 17:03:22 CETPress release

Verisk’s Mitigate Website Provides Benchmarks, Maps, and Dashboard of ISO Public Protection Classification (PPC®) Data to Fire Departments, Community Leaders Jersey City, NJ, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Fire departments across the United States can now access advanced analytic and visualization tools to help improve their local fire protection at no charge. Verisk (Nasdaq:VRSK), a leading data analytics provider, is offering complimentary access to ISO Mitigate (https://www.isomitigation.com/mitigate/ https://www.isomitigation.com/mitigate/), a new, interactive web platform that offers data-driven analytics to support strategic planning. Verisk’s Mitigate platform allows fire chiefs and local officials to benchmark their community’s https://www.isomitigation.com/ppc/ Public Protection Classification (PPC®) score (PPC), visualize their performance, and make data-driven decisions about investing in fire safety and preparedness. The PPC program, which is used by the vast majority of

CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER25.1.2021 16:20:00 CETPress release

Bid procedure, 2021-01-27CertificateCommercial paper issued in SEK by non-financial companies with their registered office in Sweden and with a remaining maturity of up to six months on the Bid date. i.e. with the latest maturity date as of 2021-07-27 Delivery may not be made in commercial paper purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Special terms, i.e. the purchase may not have been made after 2021-01-18 BidsCounterparties may make one bid per Credit rating class and maturity class. Bids are made to tel 08-696 69 70 and confirmed by e-mail to EOL@riksbank.se.Bid date2021-01-27Bid times09.00-09.30 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SEK 4 billionHighest permitted bid volume (corresponding nominal amount)The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 4 billion. No bid may contain Commercial paper in excess of SEK 250 million issued by the s

Vertex Acquires Edge Computing Company Tellutax to Extend its Global Leadership in Tax Technology25.1.2021 15:55:09 CETPress release

KING OF PRUSSIA, Pa., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, announced that it has acquired Tellutax, a Portland-based edge computing technology startup. Financial terms of the transaction were not disclosed. Tellutax designs edge-based technology utilizing a container architecture, which enables customers to deliver tax solutions seamlessly at the point of need with increased scalability and simplified management. “We believe Tellutax edge technology will extend our leadership in the enterprise market and accelerate our ecosystem expansion into next generation payment and IoT platforms,” said Vertex president and CEO David DeStefano. “This acquisition furthers our technology roadmap and hybrid cloud strategy, enabling us to serve customers in an increasingly hyper-connected environment.” Tellutax was founded in 2018 by two accomplished executives in tax automation software. Tellutax C

Saniona received approximately USD $2.9 million (SEK 24.2 million) upfront payment in connection with Cadent Therapeutics transaction25.1.2021 14:00:00 CETPress release

PRESS RELEASE January 25, 2021 Saniona (OMX: SANION), a clinical stage biopharmaceutical company focused on rare diseases, today announced it received approximately USD $2.9 million (SEK 24.2 million) in an upfront payment resulting from the now completed acquisition of Cadent Therapeutics by a third party. Saniona holds an ownership stake of approximately 3% in Cadent Therapeutics resulting from Cadent’s previous acquisition of the Saniona spin-out Ataxion, which was created to leverage Saniona’s ion channel expertise for the treatment of movement disorders. Saniona previously announced the planned acquisition and its ownership stake in December 2020. “Saniona has developed a robust, proprietary drug discovery engine focused on ion channels, a rare scientifically validated drug class that remains significantly untapped,” said Jørgen Drejer, Chief Scientific Officer of Saniona. “It is gratifying to see our ion channel programs create value, and the funding that Saniona received from th