Purchase of Solarcentury shares completed


Today, Statkraft completed the acquisition of Solarcentury, a global solar developer headquartered in London.

With the completion of the transaction, Statkraft becomes the owner of 100 per cent of the shares in Solar Century Holdings Ltd and its subsidiaries. After an interim period, in which Solarcentury will continue to operate as a distinct business unit, the plan is to merge the two teams under the Statkraft brand within 2021.

Announcing the acquisition on 2 November, Christian Rynning-Tønnesen, CEO of Statkraft stated: “This acquisition is in line with our strategy to ramp up as a wind and solar developer and become one of the leading renewable energy companies globally. Just like hydropower and solar power complement each other, Statkraft and Solarcentury are an excellent fit in terms of purpose and people. Joining forces will accelerate our growth and continue to drive the energy transition forward.”

About Statkraft: Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,000 employees in 17 countries. www.statkraft.com