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FINANCIAL RESULTS Q1 2011 - Statkraft

FINANCIAL RESULTS Q1 2011 - Statkraft

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OUTLOOK<br />

Lower hydro generation expected in <strong>2011</strong> compared to<br />

2010 due to weak resource situation<br />

Forward prices indicate higher price level year-on-year<br />

Uncertainty linked to the hydrological situation and<br />

industry demand<br />

High project activity following equity injection in December<br />

2010<br />

Global nuclear power uncertainty highlights need for<br />

increased renewable energy capacity<br />

Page 18

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