SEV Konsernroknskapur 2017 Perma EN A4.Indd
Annual Report and Annual Accounts 2017 Wind and solar the highest priority for green energy strategy Annual Report and Annual Accounts 2017 Annual General Meeting 24 April 2018 Photos: Alan Brockie, Høgni í Jákupsstovu, Jesper Theilgaard, Matts Lindqvist, Kári Durhuus, Lea Káradóttir Durhuus, Ólavur Frederiksen and SEV. Layout, printing, binding: Føroyaprent Contents The Board’s Report . 2 Corporate Organization . 6 Wind and solar have the highest priority for Faroese green energy strategy. 8 51% Green Energy in 2017. 17 Reduced electricity prices from 1 January 2018 . 18 SEV featured at Climate Planet in Copenhagen . 20 The battery station at Húsahagi awarded first prize at international conference . 28 The green strategy of the Faroe Islands is recognised in a Nordic Council report . 32 Customers as power producers . 34 Security of supply is top priority. 36 Expansion of Sund power plant according to plan . 40 SEV completes the installation of public quick-charge stations. 42 510 students attend classes at Húsahagi. 44 Employees of SEV. 46 Health, safety and environment. 49 Annual report and annual accounts 2017 SEV Electricity Company – Annual report 2017 . 56 Management report . 57 Independent auditor’s report. 58 Key Figures and Financial Ratios . 60 Management review. 61 Accounting Principles . 75 Income Statement 1 January – 31 December . 80 Balance Sheet 31 December . 81 Cash Flow Statement. 83 Distribution of activities, production and grid . 84 Operations, production and grid. 87 Notes. 90 Board and Management from left: Jón Nielsen (DOO) Jónsvein Hovgaard representing Suðuroy, Heri Mortensen (DOP), Marin Katrina Frýdal representing Tórshavn, Kristian Eli Zachariasen representing Northern Islands, Hans Jákup Johannesen, Vice Chairman, representing Eysturoy, Sune Jacobsen representing Vágoy, Bogi Bendtsen (DOA), Hákun Djurhuus (CEO), John Zachariassen, Chairman, representing Northern Streymoy, and Vinjard Tungá representing Sandoy.
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