Statkraft strengthens its global presence in the renewable energy sector with the acquisition of Enerfin

Statkraft has completed the acquisition of Enerfin, a subsidiary of Spanish renewable energy company Elecnor, significantly strengthening its presence in Spain and Brazil. The transaction includes a portfolio of 1.5 GW of wind and solar projects, both operational and under construction, along with a number of projects in development.

“This acquisition is an important step for Statkraft, strengthening our status as Europe’s largest renewable energy producer and our ambition to become a leading international renewable energy company,” said Birgitte Ringstad Vartdal, president and CEO of Statkraft. “This places us among the top 10 wind energy producers in both Spain and Brazil, which are key markets for us. The portfolio fits well with our current and future development plans.”

The acquisition includes the employment of 170 Enerfin employees, mainly in Spain and Brazil. Vartdal warmly welcomed the new team, highlighting their extensive experience in renewable energy project development and operations as a valuable addition to Statkraft’s expertise.

The portfolio creates significant opportunities for the repowering of wind farms, as well as the integration of hybrid and battery solutions. This strategic move also improves Statkraft’s market activities in both Spain and Brazil.

Statkraft also announced plans to divest Enerfin’s portfolio in Canada, the US, Colombia, Australia and Chile. “We appreciate the significant efforts made to develop these markets and believe in their future potential. We are committed to finding new owners who can continue to add value,” said Vartdal. The company will focus on a sales process that ensures value preservation and care for all stakeholders involved.

This acquisition marks a key expansion for Statkraft, reinforcing its commitment to advancing renewable energy on a global scale.

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