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Skandia GreenPower Poised to Benefit from Norwegian Electricity Support Scheme

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Skandia GreenPower Poised to Benefit from Norwegian Electricity Support Scheme

The latest update is out from Skandia GreenPower AS ( (DE:0RQ) ).

Skandia GreenPower AS is affected by the Norwegian government’s proposal for lower electricity bills, specifically the introduction of a fixed-price agreement at 40 øre per kilowatt-hour by October 1, 2025. The Minister of Energy clarified that this will not be a new fixed-price agreement but a state financing scheme similar to the current electricity support scheme, allowing Skandia GreenPower to potentially offer electricity agreements with this support in the future.

More about Skandia GreenPower AS

YTD Price Performance: -5.71%

Average Trading Volume: 2,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.93M

For an in-depth examination of 0RQ stock, go to TipRanks’ Stock Analysis page.

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