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Tuesday, June 28, 2022

Statkraft invests in more European wind

Statkraft, the Norwegian power producer specializing in renewable energy, confirmed the purchase this week of 43 wind power installations in Europe, 39 of them in Germany and four in France. It’s the first time Statkraft has ventured into onshore wind power production in either country.

The company, wholly owned by the Norwegian government, bought the wind power portfolio of wind farm operator Breeze Three Energy. Neither buyer nor seller would reveal the price or financial terms of the deal.

Statkraft’s new 187 turbines in Germany extend from Bavaria in the south to Schleswig-Holstein in the north, generating an average annual yield of around 463GWh. The 16 turbines in France, located in Normany, Nouvelle-Aquitaine and Pays de la Loire, generate an average annual yield of around 60GWh, according to Statkraft. The windmills are all between 13- and 22 years old.

The acquisition marks Statkraft’s latest expansion within hydroelectric, wind and solar power and is part of a strategy to “further strengthen” its role as a key player in the renewable energy sector in Europe. It bills itself as Europe’s largest renewable energy producer and as a global company in energy market operations.

newsinenglish.no staff

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