Harnessing hydropower

After a huge leap forward in 2007, Hafslund has laid an important foundation in their objective: focusing on environmental responsibility and profitable development of renewable energy. So what's next? President and CEO Christian Berg explains how he plans to keep up the current momentum and outlines his strategies for the future.

2007 was a big year for Norwegian utility company Hafslund. With an increased interest in climate change and renewable energy worldwide, Hafslund has been attracting increased international attention for the company’s focus on renewable and sustainable energy, and in addition, profits reached an historic high. “2007 was a fantastic year,” smiles Christian Berg, President and CEO of Hafslund. “But it didn’t just happen. We have been working towards these goals since the group as it is today was created, around 2001, 2002.”

Hafslund was originally established in 1898, with the objective to harness hydropower, however, it wasn’t until 2001 that the group focused its activities on energy while also acquiring several alarm and security companies. Today, Hafslund has three business areas, heat and infrastructure, markets and venture, representing the different aspects of Hafslund.

“I am pleased with the financial results, and believe that it proves that our business functions have performed well, although it is worth bearing in mind that one of the big contributors to our financial results was the market-to-market value and increase in value of our shares in RSE,” says Berg “Our financial results reflect that both our employees and customers are happy with us, as a supplier of...