logo
Statkraft: Delivering strength and resilience, through sustainability

Statkraft: Delivering strength and resilience, through sustainability

Irish Examiner5 days ago

Pat O'Sullivan, Country Sustainability Manager, Statkraft Ireland, outlines the company's commitment to delivering renewable technologies that transform how we power our homes, businesses, and communities
Today's world is facing many challenges ranging from the personal and individual, to national and international, across issues including our climate, cost of living and biodiversity crises. At Statkraft we believe that becoming socially, environmentally and economically stronger and more resilient is arguably more important now than it ever has been before, and we believe that sustainability holds the key to delivering this resilience.
Sustainability simply means, doing the right thing, in the right way and making decisions that benefit people and the environment around us — both today and tomorrow. We take a balanced, pragmatic approach, ensuring that our actions are grounded, appropriate for the present and guided by delivering positive long-term impact.
At Statkraft Ireland, we are capturing our onshore and offshore wind energy resources, our solar resources and also delivering critical services to ensure that we have both energy storage and a stable grid system. Each year we are connecting projects to our electricity grid that put us in a stronger, more resilient and more sustainable energy position. We are committed to delivering renewable technologies that transform how we power our homes, businesses, and communities.
In delivering renewable energy onto our electricity system today, we are securing Ireland's energy independence and sustainability. Every project we deliver is taking a step towards that goal. In Ireland, we cannot allow ourselves to be at the mercy of costly foreign energy imports especially when we have all the natural resources required to provide for our energy needs today and into the future.
Pat O'Sullivan, Country Sustainability Manager, and Andrea Maestu Gallego, Project Sustainability Manager, with Statkraft.
However, fostering strength and resilience is not limited to what we do, it is also embedded within what we do. We work with local communities to deliver resilience guided by local input and feedback. Social, environmental and energy initiatives to name but a few are supported through our local community benefit funds and separately we aim to maximise local economic gain through employment and contracts.
Environmentally, we aim to ensure that local resilience is protected and enhanced with a pathway to grow, allowing this to strengthen year on year. Our natural environment and resources are precious to us as Irish people and they need to be safeguarded.
At Statkraft, our sustainability strategy revolves around four pillars: The Just Transition (People), Biodiversity, Climate and Circularity. We have a Sustainability Action Plan aimed at delivering on these pillars through a balanced approach which will build capacity through collaboration.
Our approach ensures that all risks are managed and opportunities for enhancement identified.
'Ní neart go cur le chéile' — 'There is no strength if we don't pull together'
Our journey to realise our full sustainability ambitions will take time, but this journey can be made easier, faster and more effective through collaboration. While individuals can make a difference, dramatic differences can be achieved when we join forces and work together.
Our teams have a proven track record of working proactively and constructively in an inclusive way with communities both onshore and offshore. This is not something new — we have worked like this for the past decade. What is new however, is the context of the relationships that we are building with our contractors and broader stakeholders with the common view of maximising the opportunities associated with sustainability.
Clonfad Solar Farm in Co Westmeath is a working example of Statkraft's vision, a model of how renewable energy projects can succeed by aligning project management excellence with social responsibility, environmental awareness and sustainability governance and management.
Clonfad Solar Farm in Co Westmeath is a working example of our vision. With the capacity to reduce CO2 emissions by c.750,000 tonnes, the project is working with the local environment — not against it — to protect and enhance biodiversity.
Low-carbon technology has been employed sensibly during construction, and waste is being managed carefully and intelligently. With over 300 people employed on site, including local men and women, the project is ensuring decent wages and decent working conditions for all. Our four pillars - People, Biodiversity, Climate and Circularity are being delivered on in a balanced and pragmatic way, working collaboratively with all stakeholders.
Clonfad has emerged as a model of how renewable energy projects can succeed by aligning project management excellence with social responsibility, environmental awareness and sustainability governance and management. Prioritising issues such as embedding sustainability processes and carrying out sustainability risk assessments may not sound exciting, but ultimately, they are very important and effective.
We have a vision and a plan and a team that is already delivering on making a positive impact on people's lives, the environment and the climate. We have depth in our approach and have no interest in tokenistic gestures, superficial PR, greenwashing, or any other form of populism. Statkraft is committed to making a meaningful impact and leaving a real legacy that this generation can be proud of.
www.statkraft.ie

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Profits up 5% at Cully & Sully soup owner to €3.07m
Profits up 5% at Cully & Sully soup owner to €3.07m

RTÉ News​

time23 minutes ago

  • RTÉ News​

Profits up 5% at Cully & Sully soup owner to €3.07m

Pre-tax profits at the Cork-based food firm that operates the Cully & Sully brand increased by 5% to €3.07m last year. New accounts filed by the Irish arm of global health and wellness company Hain Celestial show that the business recorded the increase in profits as revenues rose by 7% from €26.39m to €28.32m in the 12 months to the end of June 2024. "Cully & Sully" co-founders, Colum O'Sullivan and nephew of Ballymaloe's Darina Allen, Cullen Allen - shared a multi-million euro windfall from selling their business to the New York-based organic products group, Hain Celestial in April 2012. At the time, Hain Celestial confirmed that it paid €10.46m in cash for Cully & Sully and a further €4.5m was to be paid based upon the achievement of specified operating results during the period up to June 30, 2014. Mr O'Sullivan and Mr Allen are directors of Hain Celestial Ireland Ltd and Cully & Sully soup is just one of a number of brands the company sells in the Irish, EU and UK markets. Other brands include Linda McCartney frozen meals, Cadbury spreads, jam and jelly under the Hartley brand, Dream non-dairy rice plant based drinks as well as other household brands such as Sun Pat peanut butter. The directors state that one of the key brands, Cully & Sully soup, is manufactured exclusively in Ireland. The company's operating profits declined by 15% from €2.37m to €2m and the company increased its pre-tax profits as interest income almost doubled from €546,576 to €1.07m. The company recorded a post tax profit of €2.58m after incurring a corporation tax charge of €492,392. Addressing the company's going concern status, the directors state that the company has considerable financial resources and a good business model including strong relationships with its customer and supplier base. They state that "as a consequence, the directors believe that the company is well placed to manage its business risks successfully". The firm's balance sheet continued to strengthen last year with accumulated profits rising from €24.27m to €26.85m. The company's cash funds increased from €16.24m to €19.89m. Numbers directly employed by the firm last year increased from 14 to 15 as staff costs increased from €1.11m to €1.4m. Six directors served during the year and directors' pay increased from €405,464 to €422,607. Globally, Hain Celestial recorded revenues of $1.73 billion in fiscal 2024 and recorded pre-tax loss of $80.28m.

Consortium proposes to buy Dalata Hotel Group for €1.3 billion
Consortium proposes to buy Dalata Hotel Group for €1.3 billion

RTÉ News​

timean hour ago

  • RTÉ News​

Consortium proposes to buy Dalata Hotel Group for €1.3 billion

Scandinavian property companies Pandox and Eiendomsspar have jointly proposed to buy Ireland's largest hotel group Dalata Hotel Group for €1.3 billion, they said today. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, mostly in Ireland and the UK, and aims to open new hotels in Europe including in Berlin and Madrid. It launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. The bid proposal comprises a cash offer of €6.05 per ordinary share of Dalata, representing a premium of about 5% to Dalata's closing price yesterday. Norway-based Eiendomsspar is the second largest shareholder in the Irish group with a stake of around 8.8% and in Pandox, in which it has a stake of around 8.5%. Pandox and Eiendomsspar have until July 15 to make a formal offer for Dalata or walk away, under Irish takeover rules. Dalata's adjusted core profit rose 5.1% last year to €234.5m as revenue grew 7.3% to €652.2m, driven by additions to its portfolio over the past two years. At its Capital Markets Day last year, Dalata outlined its "2030 Vision" strategy, aiming to expand its portfolio to 21,000 rooms across Ireland, the UK and Continental Europe. Sweden-based Pandox specialises in the ownership, development and leasing of large hotel assets in major cities across Sweden and northern Europe. It has been expanding its portfolio through acquisitions and leases in key European cities including Stockholm, Berlin and Brussels and its portfolio consists of 163 hotel properties with about 36,000 rooms across 11 countries in Northern Europe. Eiendomsspar is one of the largest real estate owners in Norway and it owns 11 hotels in Norway, with another two hotels under construction. Eiendomsspar controls about 36% of the voting shares of Pandox.

Ringmahon set for €3million windfall from Kelleher move
Ringmahon set for €3million windfall from Kelleher move

RTÉ News​

time2 hours ago

  • RTÉ News​

Ringmahon set for €3million windfall from Kelleher move

Cork amateur soccer club Ringmahon Rangers are in line for a reported €3million payday with their former goalkeeper Caoimhín Kelleher on the verge of a move from Liverpool to Brentford. Kelleher came up through the age grades at Ringmahon and eventually lined out for their senior team before making the move to Liverpool in 2015. The Cork club are understood to have agreed a 20% sell-on fee with Liverpool when Kelleher moved to Merseyside and are set for a windfall payment in the coming days. With Kelleher now poised to switch from Liverpool to Brentford for an initial €16million, potentially rising to €21.3million with add-on fees, Ringmahon are set to receive what would be the largest ever sell-on payment received by an Irish club. That payment would eclipse the €2million Shamrock Rovers got from Gavin Bazunu's move from Manchester City to Southampton. The 26-year-old, who has a year left on his contract at Anfield, played over a quarter of the champions' Premier League matches this season when first choice Alisson Becker was injured. His move away from the Merseyside club has been heavily reported, with Giorgi Mamardashvili joining the club in July after Liverpool confirmed the signature of the Valencia keeper last summer. The switch to west London comes with 31-year-old Bees keeper Mark Flekken set to join Bundesliga side Bayer Leverkusen. Kelleher's initial journey from Ringmahon to Liverpool is the kind of move that can no longer happen, following Brexit. Since the UK left the European Union, Premier League clubs are no longer allowed to sign players from the EU before the player turns 18, as is the case under FIFA rules, and young players must also meet a strict criteria in order to move.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store