Published: 22 August 2019 22 August 2019
Statkraft has acquired the entire shareholding of UK onshore wind developer Airvolution Clean Energy. 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 further strengthens Statkraft’s position in the UK since its acquisition of Element Power UK and Ireland activities in late 2018.