The Spanish solar market has reawakened, but not every project with a grid-connection approval will get built. Spain has connected more solar to its grid in the first nine months of 2019 than the last 10 years put together. Data released by grid operator Red Eléctrica de España (REE) shows that around 1,541 megawatts of […]
Statkraft front-runner in race for Continuum Wind Energy
Morgan Stanley Infra Partners-owned biz has more than 700MW of operational assets In 2015, SunEdison Inc. had entered into an agreement to acquire Continuum Wind. MUMBAI : Norway’s state utility Statkraft has emerged on top in the race for Continuum Wind Energy, a wind energy platform owned by Morgan Stanley Infrastructure Partners, said two people […]
Statkraft acquires second German electric vehicle charging firm
The acquisition of Bavaria-based E-WALD, which operates 300 charging stations and offers EV leasing services, will add a customer base of 7,000 drivers for Statkraft. OSLO: Statkraft has agreed to buy German electric vehicle (EV) charging company E-WALD GmbH, to strengthen its position in the German and European EV charging market, the Norwegian power producer […]
Statkraft signs 5-year deal to buy output from Spanish solar park, Q2 rises
The solar park, called Bargas, will be built in Toledo, some 80 km south of Madrid, and be operated without government subsidies, the firms said in a statement. Construction is scheduled to start in coming weeks OSLO: Norway’s Statkraft signed a five-year agreement on Thursday to buy 330 gigawatt hours of electricity from a 50-megawatt […]
Statkraft and Statera announce flexible grid alliance
Norwegian energy giant Statkraft and flexible grid specialist Statera Energy have today announced a new partnership to develop combined energy storage and flexible gas generation technologies in support of the UK’s net zero transition. The 15-year strategic partnership aims to deliver 1GW of flexible energy services as part of Statkraft’s UK-based Virtual Power Plant (VPP). […]
Shell, Statkraft join race for Continuum
Both firms and CLP India have been shortlisted for next round Morgan Stanley Infrastructure Partners had invested $212 million in India-focused Continuum Wind Global energy major Royal Dutch Shell and Norway’s state utility Statkraft have joined the race to buy Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy, two people aware of the […]
Statkraft to expand electric vehicle charging in Germany and Britain
The electric vehicle (EV) charging business is a growing market for utilities and Nordic competitors Fortum and Vattenfall have boosted their presence with several acquisitions and cooperation across Europe. OSLO: Norwegian utility Statkraft plans to expand its electric vehicle charging business in Germany and Britain, its chief executive told Reuters on Thursday, and also expects […]
Statkraft, Actis eye Equis’ Indian hydroelectric assets
The Hydreq-owned hydroelectric plants in Sikkim are valued at around₹2,700 crore The interest in Hydreq’s assets follows the change in India’s hydro policy last month NEW DELHI: Norwegian state-owned power company Statkraft AS and global private equity (PE) fund Actis Llp are separately looking to acquire the Indian hydroelectric assets of Singapore’s Equis Pte. Ltd, […]
Statkraft Looks to Virtual Power Plants as Renewable Energy Demand Surges
The Norwegian firm aims to build 2 gigawatts of virtual power plant capacity in the U.K., alongside 12 gigawatts in Germany. The Norwegian hydro giant Statkraft is looking to a virtual power plant (VPP) model for expansion across Europe. This month the company confirmed plans for 2 gigawatts of VPP capacity in the U.K. later […]