Statkraft has reached an agreement for the acquisition of the Spanish renewable energy company Enerfin, a subsidiary of Elecnor Group.
The transaction has an estimated enterprise value of 1.8 billion EUR, including equity and debt, subject to customary adjustments at completion. Enerfin's renewable energy platform includes 1.5 GW in operation and under construction, and a pipeline of projects at various stages of development. The portfolio comes with opportunities for the repowering of wind farms, as well as hybridisation and battery storage possibilities. In addition, the acquisition enables increased market operations in both Spain and Brazil. The transaction is dependent on public approvals in the respective countries and is expected to be closed during the first half of 2024. Enerfin employs a team of approximately 170 people, mainly based in Madrid.