Scatec ASA fourth quarter 2020: Building a global renewable company
Oslo, 2 February 2021: In fourth quarter 2020, Scatec Solar’s proportionate revenues was NOK 497 million (1,643) with EBITDA of NOK 223 million (434) and associated EBITDA margin of 45%. Power production reached 407 GWh, an increase of 37% from the same quarter last year.
Power Production delivers an EBITDA growth of 44% for the full year 2020 compared to 2019 as the portfolio of power plants in operations continue to grow with two new plants grid connected during fourth quarter. All main activities related to the current construction portfolio was completed earlier in 2020, resulting in limited Development & Construction revenues in the fourth quarter. A consequence of this changed segment mix, is an EBITDA margin of 46% for the Group compared to 25% in 2019.
Impairment At Tanzania LNG Project
Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be reflected in adjusted earnings for EPI division in fourth quarter 2020 results to be reported on 10 February 2021.
While progress has been made in recent years on the commercial framework for TLNG, overall project economics have not yet improved sufficiently to justify keeping it on the balance sheet. The TLNG project has an anticipated breakeven price well above the portfolio average for Equinor and is, at this time, not competitive within this portfolio. Equinor will continue to engage with the Government of Tanzania in negotiations on a commercial, fiscal and legal framework that may provide a viable business case for TLNG in the future.
Norwegian
Equinor (OSE: EQNR, NYSE: EQNR) has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be reflected in adjusted earnings for EPI division in fourth quarter 2020 results to be reported on 10 February 2021.
While progress has been made in recent years on the commercial framework for TLNG, overall project economics have not yet improved sufficiently to justify keeping it on the balance sheet. The TLNG project has an anticipated breakeven price well above the portfolio average for Equinor and is, at this time, not competitive within this portfolio. Equinor will continue to engage with the Government of Tanzania in negotiations on a commercial, fiscal and legal framework that may provide a viable business case for TLNG in the future.
Equinor : Impairment at Tanzania LNG Project
édité le 29/01/2021 - Plus de news de Equinor - Voir la fiche entreprise de Equinor
Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the companys balance sheet by 982million USD. This will be reflected in adjusted earnings for EPI division in fourth quarter 2020 results to be reported on 10 February 2021.
While progress has been made in recent years on the commercial framework for TLNG, overall project economics have not yet improved sufficiently to justify keeping it on the balance sheet. The TLNG project has an anticipated breakeven price well above the portfolio average for Equinor and is, at this time, not competitive within this portfolio. Equinor will continue to engage with the Government of Tanzania in negotiations on a commercial, fiscal and legal framework that may provide a viable business case for TLNG in the future.
Real estate sector registers $5 billion institutional fund inflows in 2020: JLL
There were 27 deals transacted in 2020 over 54 in 2019; Office assets account for a major share of investments in 2020; Bengaluru continues to attract maximum investments
Despite a sudden halt brought on by the COVID-19 pandemic, institutional investment in the Indian real estate staged a recovery during Q4 2020 with $3.5 billion investments, a new report has said, adding Bengaluru continued to attract maximum investments.
As a result, 2020 closed with $5 billion investments, equivalent to 93 percent of 2019 transactions ($5.4 billion), as per JLL’s ‘Capital Markets Update: Q4 2020’ report. As many as 27 deals were transacted in 2020 over 54 in 2019.