Financials
SN Power has a long term perspective on our investments
SN Power delivered its best results ever in 2010 and continued to expand on its growth initiatives in all strategic areas.
Milestones were reached at both an operational and strategic leves, safety indicators improved significantly and the company was encourage by the increased awareness of the SN Power brand in our international field of business.
Project finance
SN Power´s core principle is that all investments are made on a limited- / non- recourse basis. All operating companies have their own separate financing structure where the security for the debt service lies in the cash flow of the individual companies.
Financial reporting
SN Power consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU.
Investment strategy
SN Power was established in 2002 with an initial total committed equity of NOK 1 billion, which provided sufficient financial leverage for the company to be accepted as a credible market investor.