Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY

Coal-Fired Power Plants Run by Utilities Must Use 5% Biomass Pellets Annually

Trina Solar’s 2023 Profit Up 50% as Module Shipments Soar

Solar Park DPRs of Central PSUs Exempted from State Committee Vetting

Railways Invites Bids for 1.15 MW Rooftop Solar Projects in Varanasi Division

Tata Power Solar, Amplus and Roofsol: Top Rooftop Solar Installers in 2023

Daily News Wrap-Up: Solar Generation in India Rises 8.8% YoY to 32 BU in 2024

US Doubles Tariff on Chinese Solar Cells to 50%, Targets EVs and Batteries

Funding and M&A Roundup: Matrix Renewables Secures $322 Million Debt Funding


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/09/amazon_polly_58212.mp3?version=1693567658">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Norway-based renewable energy company <a href="https://www.statkraft.in/" target="_blank" rel="noopener">Statkraft</a> has acquired a substantial wind power portfolio from Breeze Two Energy, consisting of 39 operational wind farms, for the purchase price of NOK4.7 billion (~$443.2 million).</p>
<p>The company said this marks a substantial addition to Statkraft&#8217;s European onshore wind power portfolio.</p>
<p>The strategic acquisition, encompassing 337 MW of capacity, focuses on wind farms located in Germany and France. The primary goal of this endeavor is to optimize the performance of these wind farms and, in the long term, replace older turbines with more efficient models.</p>
<p>In Germany, the newly acquired wind power portfolio comprises 35 wind farms, housing a total of 165 turbines with an installed capacity of 310 MW. This acquisition doubles Statkraft&#8217;s wind power capacity in the country, elevating the company to the ranks of Germany&#8217;s top ten wind power operators.</p>
<p>In France, Statkraft has added four wind farms with 20 turbines and a combined installed capacity of 27 MW, which nearly doubles the company&#8217;s wind power capacity in the country.</p>
<p>The acquisitions align with the company’s target of reaching an annual development rate of 4 GW by 2030.</p>
<p>The acquired wind farms are strategically positioned in regions known for their robust and consistent wind patterns. Constructed approximately 15 to 21 years ago, these sites hold repowering potential.</p>
<p>The company intends to upgrade these wind farms with modern, more efficient turbines that can potentially double their energy output.</p>
<p>Barbara Flesche, EVP Europe at Statkraft, said, “Our experience delivering competitive operations and maintenance at scale makes Statkraft the right owner to facilitate the required lifetime extension and repowering and continue to generate renewable wind power from these sites.”</p>
<p>In November 2022, Statkraft <a href="https://www.mercomindia.com/statkraft-55-mw-open-access-solar-tamil-nadu" target="_blank" rel="noopener">announced</a> the commissioning of its 55 MW Nellai solar project. Developed under the group captive model, the project is located at Ettanakulam village in Manur Taluk in the Tirunelveli district of Tamil Nadu.</p>
<p>In April, Statkraft <a href="https://mercomindia.com/statkraft-sustainability-linked-revolving-credit-facility/" target="_blank" rel="noopener">secured</a> a €1.3 billion (~$1.43 billion) five-year sustainability-linked syndicated revolving credit facility with two ‘one-year extension’ options.</p>


Statkraft Expands Portfolio by Acquiring 39 Wind Farms in Europe

power-portfolio

Get the most relevant India solar and clean energy news.

RECENT POSTS