Statkraft signs agreement to Solarcentury buyout

Statkraft has signed an agreement for the acquisition of 100 percent of the shares in Solarcentury Holdings and its subsidiaries. The main shareholders were previously Scottish Equity Partners, VantagePoint Capital Partners, Zouk Capital, and Grupo Ecos. The purchase price is GBP117.7 million (US$152 million) and includes net cash.

Solarcentury is a global solar developer headquartered in London, UK with around 180 people across 12 countries. Since the company changed their strategic approach in 2013 it has developed 40 utility-scale projects totaling 1,200 MWp across Spain, the Netherlands, the UK, France, Greece, Italy and Chile. 

The transaction is conditional upon customary regulatory and local competition approvals and is expected to be completed by the end of 2020.