Statkraft completes acquisition of Element Power's Irish and UK wind projects
Statkraft has announced that it has acquired the Irish and UK wind development businesses of the Element Power Group. The transaction comprises Element Power Ireland Ltd and three UK project companies, including the current organisation with around 50 employees that will be integrated into Statkraft.
These businesses own around 1,300 MW wind farms currently under development in Ireland and 250 MW wind farms in development in the UK.
The transaction was completed 2 October. Statkraft has acquired 100% of the shares in Element Power's Irish and UK subsidiaries (excluding Greenlink Interconnector Limited) from the company's principal owner Hudson Clean Energy Partners AIV LP.
The acquisition represents a significant step towards achieving Statkraft's goal of establishing a portfolio of wind power assets totalling 6,000 MW by 2025.
Country updates
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October 02, 2018
Van Oord completes acquisition of MPI Offshore
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