StatKraft ploughs €128m into Irish green energy facilities

The Norwegian sustainable energy giant said the investment would be allocated towards constructing and developing its Irish renewable energy projects

Statkraft first entered the Irish market in 2018 following the acquisition of Element Power’s Irish and UK businesses. Picture: Getty

Statkraft, the Norweigan State-owned clean energy company, poured an additional €128 million into its Cork-based Irish operation earlier this month, bringing the total invested since it entered the Irish market to €222 million.

It is Statkraft’s largest investment in its Cork operation to date. Last year, the Norwegian parent firm invested €27 million in its Irish projects, and invested €67 million over two traunches throughout 2020. Statkraft first entered the Irish market in 2018 following ...