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    HITV   NO0010272503

HITECVISION AS

(HITV)
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End-of-day quote. End-of-day quote NORWEGIAN OVER THE COUNTER MARKET - 11/23
150 NOK   0.00%
11/23HITECVISION : Havfram and J.P. Morgan announce next generation wind turbine installation vessels
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Sval Energi: First turbine at the MLK wind farm is operational

10/18/2021 | 04:52am EST
Sval Energi: First turbine at the MLK wind farm is operational

Sval Energi has announced that the first turbine at the Metsälamminkangas (MLK) wind farm is operational and delivering power to the grid. Once fully operational and all 24 turbines are spinning, the wind farm will provide renewable electricity for more than 30 years to the integrated Nordic power market.

The MLK windfarm project is a joint venture between Sval and Lundin Energi. With a capacity of 132 MW, the MLK wind farm will generate an annual average of 404 GWh, equivalent to the electricity consumption of 80 000 households.

As a new generation energy company, Sval both sees the need to reduce the industry's carbon footprint and recognizes the profitable business opportunities that arise in the process. As part of Sval's low carbon strategy, the company will evaluate various opportunities for carbon reduction projects both on- and offshore, including electrification of offshore fields, as well as carbon capture and storage and other decarbonisation value chains.

The MLK wind farm is located onshore in Vaala in Finland, one of the fastest growing markets for wind energy investments in Europe, and will be fully operational in 2022.

Disclaimer

HitecVision AS published this content on 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 08:51:01 UTC.


ę Publicnow 2021
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Financials
Sales 2020 300 M 33,2 M 33,2 M
Net income 2020 59,8 M 6,61 M 6,61 M
Net cash 2020 59,8 M 6,61 M 6,61 M
P/E ratio 2020 25,4x
Yield 2020 2,41%
Capitalization 2 845 M 313 M 314 M
EV / Sales 2019 3,54x
EV / Sales 2020 4,86x
Nbr of Employees 62
Free-Float 100%
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Managers and Directors
Ole Ertvaag Chief Executive Officer & Director
Liv Marit Lundby Chief Financial Officer
Leif Johan Sevland Chairman
Pňl Kristian Berger Director-Information Technology
Mariann BŠrheim Chief Operating Officer
Sector and Competitors