An unusually hot, dry second quarter saw Statkraft’s hydro-based power production fall 22% to 11.5 TWh for the period, the state utility said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now * Q2 Nordic spot price up 42% on year * Hydro outlook worsening through July * Wind, solar development prioritized The decline mirrors a north European trend this summer with little rainfall and settled high pressure weather conditions bearing down on hydro and wind production. The Nordic hydro outlook has worsened into July, with reservoir content across Norway, Sweden and Finland falling to 62% full in week 28, down over 10 percentage points year-on-year at a time when reservoirs are normally being replenished. It is not just the Nordics. In an update Thursday UK utility SSE reported hydro output for the three months to June 30 some 20% below plan, while […]