Statkraft finalizes Enerfin transaction

(Madrid/Oslo, May 23, 2024) – Statkraft has completed the acquisition of renewable energy company Enerfin based in Spain.

On November 17, 2023, Statkraft signed an agreement with the Spanish company Elecnor to acquire its subsidiary Enerfin dealing with renewable energy sources. The transaction has already been finalized.

The closing of the Enerfin transaction significantly builds the scale and strengthens Statkraft’s position in Spain and Brazil. The transaction adds a portfolio of 1.5 GW of wind and solar projects in operation and under construction, as well as a pipeline of projects under development.

– This acquisition is a big step for Statkraft and confirms our position as Europe’s largest renewable energy producer and our goal to become a leading renewable energy company internationally. This places us among the top 10 wind energy producers in both Spain and Brazil, which are key markets for Statkraft. The portfolio strategically fits very well with our current portfolio and future development plans, says Birgitte Ringstad Vartdal, president and CEO of Statkraft.

Enerfin’s attractive portfolio and highly competent team fits well into Statkraft’s current operations, with 170 new employees, mainly in Spain and Brazil.

– I would like to warmly welcome all new Statkraft employees. The Enerfin organization has extensive experience in developing projects and operating renewable energy sources. This will be a great added value for our organization, says Vartdal.

The portfolio offers significant opportunities for wind farm repowering, as well as hybridization and battery storage capabilities. In addition, the acquisition enables increased market activity in both Spain and Brazil.

As previously announced, Statkraft plans to divest the Enerfin portfolio in Canada, the US, Colombia, Australia and Chile.

– We appreciate the significant work that has gone into developing portfolios in these markets and strongly believe in future value creation opportunities. Statkraft is seeking to find new owners who can continue to create value by expanding its operations in these countries. Statkraft will lead the sales process with a focus on preserving value and caring for all people involved, Vartdal says.

About Statkraft
Statkraft is a leading international hydropower company and Europe’s largest producer of renewable energy. The group produces hydro, wind, solar and gas energy and supplies heating. Statkraft is a global energy operations company. Statkraft employs over 6,000 employees in over 20 countries.

For further information please contact:

Torbjørn Steen, Vice President for External Communications, Statkraft AS
Tel: +47 911 66 888
E-mail: [email protected]

Nuria Larragueta Follana, Communication Specialist, Statkraft Spain
Tel: +34 346 308 75143
E-mail:[email protected]