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Statkraft Acquires UK Airvolution Clean Energy

Power News - Published on Fri, 23 Aug 2019

Image Source: ReNews
Statkraft has acquired the entire shareholding of UK onshore wind developer Airvolution Clean Energy Ltd. The acquisition is in line with Statkraft’s recently stated ambitions to deploy 600MW of onshore wind and solar generation in the UK. Airvolution have been working exclusively on behalf of Statkraft since October 2017 to identify, secure and bring forward project opportunities in Scotland and this deal will see the Airvolution team moving in-house as part of the growing Statkraft workforce based in the UK. Airvolution’s Glasgow office will be retained by Statkraft and soon double in size with new recruits starting in September.

Statkraft’s acquisition of Airvolution Clean Energy Ltd further strengthens Statkraft’s position in the UK since its acquisition of Element Power UK and Ireland activities in late 2018.

Mr David Flood, Managing Director of Statkraft UK said that “We have been very impressed with what Airvolution have achieved in a relatively short period of time through our development partnership for Scottish onshore wind projects. Bringing the team in-house is a natural progression of that partnership, significantly strengthening our ability to deliver against our ambitious targets for the UK.”

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Posted By : Ratan Singh on Fri, 23 Aug 2019
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