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Statkraft buys €1.8bn Elecnor subsidiary

Richard Heap
November 20, 2023

Norwegian utility Statkraft has agreed a €1.8bn deal to buy Spanish firm Elecnor's subsidiary Enerfin, which has 1.5GW of wind and solar projects.

Statkraft said the acquisition gives it "significant opportunities" to repower wind farms, as well as pairing wind and solar with technologies such as battery storage. The company added that the deal strengthens its presence in Brazil and Spain.

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