Statkraft Becomes Sole Owner of Its Brazilian Subsidiary, Statkraft Energias Renováveis

aerial photography of blue solar panels
Representational image. Credit: Canva

Statkraft, Europe’s largest generator of renewable energy has purchased 18.69% of the shares in its Brazilian subsidiary Statkraft Energias Renováveis (SKER) from Fundação dos Economiários Federais (Funcef), the third largest pension fund in Brazil. As of today, 100% of SKER is owned by the Statkraft Group.


Statkraft, the largest renewable energy producer in Europe, acquired an 18.69% stake in its Brazilian subsidiary, Statkraft Energias Renováveis (SKER), previously owned by Fundação dos Economiários Federais (Funcef), the third-largest pension fund in Brazil. Currently, the Statkraft Group has 100% ownership of SKER.

“With this acquisition, we will be able to bring even more agility to our strategic plan by increasing our ownership in Brazil. I would also like to thank Funcef for the long successful partnership we had along this journey together,” said Ingeborg Dårflot, Executive Vice President International in Statkraft.


The company established its presence in Brazil in 2009, with headquarters in Florianópolis, Santa Catarina (SC). Presently, it manages 14 hydro power plants and 4 wind farms in the country, boasting around 450 MW of operational capacity. SKER is aggressively pursuing its expansion strategy, investing approximately 3.4 billion BRL in the construction of 600 MW of wind power and recently acquiring 260 MW of operational assets. SKER anticipates ongoing growth through greenfield projects and acquisitions.
In the final stages of construction is the Santa Eugênia Wind Complex, situated in Bahia, the Northeast region. This complex is set to produce 2,300 Gigawatt-hours (GWh) annually, powering 1.17 million Brazilian households. Comprising 14 wind farms with a total of 91 turbines, each with a 5.7 MW capacity.

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In the state of Bahia, Statkraft is also working on the Morro do Cruzeiro greenfield wind project, an extension of the operational Brotas de Macaúbas Wind Complex. This expansion includes 14 turbines with a combined installed capacity of 79.8 MW, expected to generate 386 GWh of renewable energy yearly, sufficient for over 190,000 households. Both ongoing projects are funded by Banco do Nordeste do Brasil (BNB).

With projects under construction, in acquisition, and operational, Statkraft will soon reach 1.3 GW of installed capacity in Brazil, solidifying its position as an international leader in renewable energy.

Statkraft also obtained Aneel’s approval for seven solar projects with a combined installed capacity of 228 MW in Bahia. These solar projects extend the wind farms in the Brotas de Macaúbas Complex (Sol de Brotas 1), Morro do Cruzeiro Complex (Sol de Brotas 2), and Santa Eugênia Winds Complex (Sol de Brotas 3, 4, 5, 6, and 7). These projects adhere to Aneel’s hybrid plant regulations, leveraging the complementary nature of wind and solar power. With authorization received, Statkraft will commence implementation of its first company-developed solar project in Brazil.

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