On November 17, 2023, Statkraft signed an agreement with the Spanish company Elecnor to acquire its renewables subsidiary, Enerfin. This transaction has now been finalized.
The portfolio presents significant opportunities for repowering wind farms, hybridization, and battery storage. Additionally, the acquisition enhances market operations in both Spain and Brazil. As previously announced, Statkraft plans to divest the Enerfin portfolio in Canada, the US, Colombia, Australia, and Chile.
This acquisition significantly enhances Statkraft’s scale and strengthens its position in Spain and Brazil. The deal adds a portfolio of 1.5 GW of wind and solar power projects, both operational and under construction, along with a pipeline of projects under development.
“This acquisition is a big leap for Statkraft and confirms our position as Europe’s largest producer of renewable energy and aim to become a leading renewable company internationally. It places us among the top 10 wind power producers both in Spain and Brazil, which are key markets for Statkraft. The portfolio is a very good strategic fit with our current portfolio and future growth plans”, said Birgitte Ringstad Vartdal, President and CEO of Statkraft.
“We acknowledge the significant work done to develop the portfolios in these markets, and strongly believe in future opportunities for value creation. Statkraft are committed to finding new owners who can further create value by developing the business in these countries. Statkraft will run a sales process focusing on value preservation and care for all people involved”, added Vartdal.
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