Senior Equity Analyst at DNB ASA
Steffen Evjen is a Senior Equity Analyst at DNB Markets, specializing in energy sector research with a primary focus on Norwegian-listed oil and gas companies including Equinor, Vår Energi, BW Energy, and Panoro Energy. He covers multiple listed companies and has built a track record of market-impacting investment calls, such as a highly successful Sell recommendation on SDRLF which generated an 89.5% return. According to performance data from TipRanks, Evjen’s recommendations historically maintain a 50% success rate and an average return of -1.6%, reflecting both notable wins and challenging periods. Steffen Evjen began his analyst career at DNB and is regularly cited in market commentary and investor updates; his professional credentials include research responsibilities for DNB Markets, with coverage for both DNB Bank ASA and DNB Carnegie.
Steffen Evjen from DNB ASA asked for clarification on the specific milestone required to receive the U.S. tax credit for Empire Wind, inquiring if it is first power or commercial operation date (COD) for the project.
Torgrim Reitan, CFO, confirmed that the milestone for receiving the U.S. tax credit is production start, specifically first power, which is planned for 2027.
Steffen Evjen asked for clarification on the specific milestone required to receive the U.S. tax credit for Empire Wind, inquiring if it is first power or commercial operation date (COD).
CFO Torgrim Reitan confirmed that the criteria for receiving the U.S. tax credit for Empire Wind is 'production start,' which is ultimately 'first power,' planned for 2027.
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