Statkraft acquires entire shareholding of Airvolution Clean Energy Ltd.

Statkraft has acquired the entire shareholding of UK onshore wind developer Airvolution Clean Energy Ltd. The acquisition is in line with Statkraft’s recently stated ambitions to deploy 600 MW of onshore wind and solar generation in the UK.

Airvolution have been working exclusively on behalf of Statkraft since October 2017 to identify, secure and bring forward project opportunities in Scotland and this deal will see the Airvolution team moving in-house as part of the growing Statkraft workforce based in the UK. Airvolution’s Glasgow office will be retained by Statkraft and soon double in size with new recruits starting in September.