Statkraft Secures Acquisition of Enerfin, Spanish Renewable Firm, from Elecnor Group


Reading Time: 1 minutes

Statkraft, Europe’s premier renewable energy generator, has finalized an agreement to acquire Enerfin, a Spanish renewable energy firm and Elecnor Group subsidiary. With an estimated enterprise value of 1.8 billion EUR, the deal encompasses equity and debt, subject to customary adjustments. Enerfin’s robust renewable energy platform comprises 1.5 GW in operation and under construction, along with a promising pipeline of projects in varying stages of development.

The portfolio presents substantial prospects for wind farm repowering, hybridization, and battery storage. This acquisition also facilitates expanded market operations in Spain and Brazil. Pending public approvals, the transaction is anticipated to conclude in the first half of 2024. Enerfin, with around 170 skilled professionals based in Madrid, will integrate seamlessly into Statkraft, fostering the shared vision to revolutionize global energy.

“This is a milestone acquisition for Statkraft. Enerfin is a solid, well-run company with a highly competent organisation and an attractive portfolio that fits well with Statkraft’s current activities. The deal will create further value for the customers, our owner and society as it constitutes a major contribution to the green energy transition towards zero emissions”, says Christian Rynning-Tønnesen, CEO of Statkraft.

ALSO READ  Senvion Secures 121 MW Contract from O2 Power

“The acquisition reinforces Statkraft’s position as Europe’s largest producer of renewable energy and places the company among the top ten wind power producers in Spain, complementing our solar projects portfolio there. The acquisition will also position Statkraft among the three largest wind power producers in Brazil, with over 1.5 GW of installed capacity, and increasing our operational scale,” says Rynning-Tønnesen.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.