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Purchase of Solarcentury shares completed

27 Nov, 2020

Today, Statkraft completed the acquisition of Solarcentury, a global solar developer headquartered in London.

With the completion of the transaction, Statkraft becomes the owner of 100 per cent of the shares in Solar Century Holdings Ltd and its subsidiaries. After an interim period, in which Solarcentury will continue to operate as a distinct business unit, the plan is to merge the two teams under the Statkraft brand within 2021.

Announcing the acquisition on 2 November, Christian Rynning-Tønnesen, CEO of Statkraft stated:

“This acquisition is in line with our strategy to ramp up as a wind and solar developer and become one of the leading renewable energy companies globally. Just like hydropower and solar power complement each other, Statkraft and Solarcentury are an excellent fit in terms of purpose and people. Joining forces will accelerate our growth and continue to drive the energy transition forward."

Established in 1998, Solarcentury is a leading global solar power company that develops, constructs, owns and operates utility-scale solar and smart technology. Solarcentury is known internationally for developing and building some of the largest utility-scale solar projects in the UK, the Netherlands, Spain, Kenya and Mexico, including pioneering projects such as the world’s first solar bridge at Blackfriars Station in Central London.

Solarcentury’s mission is to make a meaningful difference in the global fight against climate chaos by making solar power the dominant energy source worldwide. During Solarcentury’s 22-year history the business has helped solar power become mainstream, and the company’s projects have generated 6 TWh of clean electricity, saving over 1.7 million tonnes of CO2 emissions.