Aker Solutions records €4.4 billion in orders

Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.|Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Aker Solutions posts a positive financial balance sheet, with an order book up 30% on 2020.
The Norwegian group is winning contract after contract, aiming for 2021 sales of NOK 28 billion, or over 2.6 billion euros.

Aker Solutions: NOK12.2 billion in orders in Q2 2021

The Group’s order book is up 30% in the second quarter compared with the same period last year.
Orders for the quarter totalled no less than NOK 12.2 billion.
The strongest increase in order intake for several years takes the order book to NOK 45.8 billion, or 4.4 billion euros.

Numerous projects in progress

Aker Solutions has signed several contracts, initially for oil and gas projects.
In fact, the group will be working with Petrobras in Brazil, Shell, Equinor and Hasselmus in Norway, and TotalEnergies in West Africa.
But it’s not stopping there, either, and is also developing projects as part of the energy transition.
Together with ScottishPower Renewables, Aker is developing the East Anglia THREE offshore wind project, the contract for which will run until mid-2022.
In addition, the company is deploying an electric fuel installation aimed at reducing the carbon footprint, for Nordic Electrofuel.
This will involve the production of carbon-neutral synthetic fuels, fossil-based substitutes such as hydrogen.

The company is committed to the energy transition

While Aker Solutions intends to maintain its leading position in oil and gas projects, it also plans to develop other activities.
In particular, it is focusing on renewable energies and low-carbon solutions for oil and gas.

“For the future energy mix, we are one of the few subcontractors able to provide complete solutions,” says the CEO of Aker Solutions.

Indeed, orders related to the energy transition accounted for 60% of the total for the second quarter of 2021.
Finally, if Aker is on target, it hopes to achieve sales of around NOK 28 billion for 2021.

Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.
The Norwegian energy group rejects the sanction imposed for illegal gas discharges at Mongstad, citing disagreement over maintenance obligations and the alleged financial benefit.
Alpine Power Systems announces the acquisition of Chicago Industrial Battery to expand its regional presence and support the growth of its PowerMAX line of used and rental batteries and chargers.
HASI and KKR strengthen their strategic partnership with an additional $1bn allocation to CarbonCount Holdings 1, bringing the vehicle’s total investment capacity to nearly $5bn.
EDF is considering selling some of its subsidiaries, including Edison and its renewables activities in the United States, to strengthen its financial capacity as a €5bn ($5.43bn) savings plan is underway.
French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
Xcel Energy initiates three public tender offers totalling $345mn on mortgage bonds issued by Northern States Power Company to optimise its long-term debt structure.
EDF power solutions' Umoyilanga energy project has entered provisional operation with the Dassiesridge wind plant, marking a key milestone in delivering dispatchable electricity to South Africa’s national grid.
Indian group JSW Energy launches a combined promoter injection and institutional raise totalling $1.19bn, while appointing a new Chief Financial Officer to support its expansion plan through 2030.
Singapore’s Sembcorp Industries has entered the Australian energy market with the acquisition of Alinta Energy in a deal valued at AU$6.5bn ($4.3bn), including debt.
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.
Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.
EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.
GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.