(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 Statkraft
Statkraft 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 AS
Tel: +47 911 66 888
E-mail: torbjorn.steen@statkraft.com (mailto:torbjorn.steen@statkraft.com)
Nuria Larragueta Follana, Communication Specialist, Statkraft Spain
Tel: +34 346 308 75143
E-mail:nuria.larragueta@statkraft.com
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