Statkraft Aquires Element Power Group

Wind Industry Profile of

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.

The transaction comprises Element Power Ireland Ltd and three UK project companies, including the current organisation with around 50 employees that will be integrated into Statkraft. The portfolio of wind farms currently under development in Ireland (c. 1,300 MW) and the UK (c. 250 MW) fits well into Statkraft's growth strategy and its plans to increase its portfolio of wind power assets to 6,000 MW by 2025. Statkraft is already Europe's largest producer of renewable energy and has an ambition to grow further within... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Ireland, UK, wind development, Element Power Group, onshore