Statkraft concludes Enerfin transaction
23 May 2024 - 9:04PM
Statkraft concludes Enerfin transaction
(Madrid/Oslo, 23 May 2024) - Statkraft has completed the
acquisition of the renewable company Enerfin, headquartered in
Spain.
On 17 November 2023, Statkraft signed an agreement with the
Spanish company Elecnor to acquire its renewables subsidiary
Enerfin. The transaction has now been completed.The closing of the
Enerfin deal significantly builds scale and strengthens Statkraft’s
position in Spain and Brazil. The transaction adds a portfolio of
1.5 GW of wind and solar power projects in operation and under
construction, as well as 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,
says Birgitte Ringstad Vartdal, President and CEO of Statkraft.The
attractive portfolio and highly competent Enerfin team fits well
with Statkraft’s current activities, adding 170 new employees to
Statkraft, mainly in Spain and Brazil.- I warmly welcome all new
employees to Statkraft. The Enerfin organisation has a strong track
record in project development and operations of renewables. This
will add great value to our organisation, Vartdal says. The
portfolio comes with significant opportunities for the repowering
of wind farms, as well as hybridisation and battery storage
possibilities. In addition, the acquisition enables increased
market operations in both Spain and Brazil. As announced earlier,
Statkraft plans to divest the Enerfin portfolio in Canada, the US,
Colombia, Australia, and Chile. - 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, says Vartdal.
About StatkraftStatkraft is a leading company
in hydropower internationally and Europe’s largest generator of
renewable energy. The Group produces hydropower, wind power, solar
power, gas-fired power and supplies district heating. Statkraft is
a global company in energy market operations. Statkraft has more
than 6,000 employees in over 20 countries.
For further information, please contact:
Torbjørn Steen, Vice President External Communications,
Statkraft ASTel: +47 911 66 888 E-mail:
torbjorn.steen@statkraft.comNuria Larragueta
Follana, Communication Specialist, Statkraft SpainTel: +34 346
308 75143E-mail:nuria.larragueta@statkraft.com