Statkraft has acquired the Irish and UK wind development businesses of the Element Power Group. The transaction provides Statkraft with a large onshore wind development pipeline in Ireland and strengthens Statkraft’s position in the UK.
Statkraft is planning annual investments of around NOK 10 billion in renewable energy in the period 2019-2025. In addition to large upgrades of Nordic hydropower, the company has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Statkraft also has an ambition to triple its volumes managed on behalf of customers.
Yesterday Statkraft, one of the largest managers of renewable trading in the UK, German and Nordic markets, announced its entry into the Irish power market.
Statkraft and six community wind farms agree on power purchase agreements for 31 wind turbines. This will allow these wind farms in Germany to continue operating in the long term after the end of EEG funding. The green electricity will be used in the future to supply industrial companies.
On 24 January the German energy optimiser and service provider ESFORIN SE and Statkraft Markets sold one megawatt hour of electricity in the intraday market from Statkraft's EEG portfolio to a demand side management customer of ESFORIN SE - without any intermediate platform.
Statkraft sells its 40 per cent stake in Sheringham Shoal Offshore Wind Farm to the UK fund manager Equitix. The sale is in line with Statkraft’s strategy to exit offshore wind.
To streamline their respective roles as land owner and power producer, SCA and Statkraft have agreed to restructure their collaboration in the wind power sector.
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