Statkraft to acquire Element Power and British energy assets for €100m

Statkraft to acquire Element Power and British energy assets for €100m

Europe’s largest generator of renewable energy, Statkraft, is set to acquire Element Power Ireland and a number of British green energy assets for about €100 million next week.

The Norwegian state-owned utility is expected to invest hundreds of millions of euro in building out Element’s Irish portfolio.

Greenlink, a 500 MW interconnector project that will link Britain and Ireland, is not part of the sale. It is not an opportune time for Element to...

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