Endesa Generación, a key subsidiary of Spain’s energy powerhouse Endesa, has announced a €1 billion agreement to acquire Corporación Acciona Hidráulica from Acciona Energía. The transaction includes 34 hydroelectric plants, delivering a combined capacity of 626 megawatts (MW). This monumental acquisition positions Endesa as a leader in Spain’s renewable energy sector and underscores its commitment […]
Statkraft, Europe’s largest producer of renewable energy, has announced a major redesign of its Mossy Hill Wind Farm project near Lerwick in Shetland. The revised plans include a significant reduction in the number of turbines, decreasing them by a third from twelve to eight. This move is expected to reduce both the visual and environmental […]
Statkraft, Europe’s largest renewable energy producer, has successfully completed its acquisition of Enerfin, the renewables subsidiary of Spanish company Elecnor. This strategic move significantly bolsters Statkraft’s operations in Spain and Brazil, adding 1.5 gigawatts (GW) of wind and solar power projects that are currently in operation or under construction, along with a robust pipeline of […]
Statkraft, a leading renewable energy producer, has inaugurated the Ventos de Santa Eugênia Wind Complex in Bahia, Brazil, marking the company’s largest wind farm outside Europe. With a capacity of 519 MW, the wind complex is a pioneering hybrid project in Brazil, set to optimize energy production with an additional 163 MW solar farm. This […]
In a move set to transform Norway’s renewable energy sector, Statkraft, Europe’s largest renewable energy generator, has announced plans to invest up to six billion euros in enhancing its Norwegian hydro and wind power facilities. This ambitious initiative, comprising the construction of new onshore wind farms and upgrades to existing hydro power infrastructure, represents a […]
In a pivotal shift for the renewable energy landscape, Statkraft, Norway’s state-owned hydropower company, has acquired two renowned companies in the wind power domain: Njordr Offshore Wind AB, an offshore wind power developer, and Svevind Nordic AB, an onshore wind power development entity. This acquisition magnifies Statkraft’s commitment to bolstering Swedish renewable energy and steering […]
Statkraft, a Norwegian renewable energy group, is all set to begin construction of its 519MW Ventos de Santa Eugenia wind project in northeastern Brazil in January 2021 with an investment of BRL 2.5 billion ($466 million). The announcement follows the recent closing of a turbine supply contract with Nordex, a German wind turbine manufacturer. The […]
Skanska, a Swedish construction company, has received an order from Statkraft Energi worth NOK 508 million ($55.44 million) for the modernization of the Gråsjø and Trollheim hydroelectric power plant dams in Norway. Under the contract, Skanska will be responsible for the refurbishment and upgrade of four dams and a flood gate. The dams are used […]
Energy acquisition news : A consortium featuring China Resources has agreed to buy Norwegian hydropower company Statkraft’s 30% stake in the 402MW Dudgeon offshore wind farm off the Norfolk coast in the UK for a sum of £555 million. A state-owned conglomerate, China Resources has operations across the power, gas, consumer products, pharmaceuticals and other […]
Energy acquisition news : Statkraft, a hydropower company owned by the Norway government, has reached a deal worth £558 million to divest its 40% stake in the 316.8MW Sheringham Shoal offshore wind project in the United Kingdom to Equitix, a London-based private equity firm. The Sheringham Shoal wind farm, which broke ground in 2009, is […]