4 October 2021

Statkraft purchase 43 windparks in Germany and France

Norwegian Statkraft has purchased 43 windparks comprising 203 wind turbines with an annual total installed capacity of 345 MW, which under normal circumstances can produce 523 GWh per annum. 39 of the wind parks, producing 463 GWh annually, are distributed in nine German states, while the remaining 4 wind parks distributed in three French regions produce 60 GWh annually. Statkraft says that the parks have a diminished production capacity given their 13-22 year old age and argues that Statkraft's expertise and qualifications makes them best placed to manage the equipment (Resett, Europower Energi, press release). 

Metacon acquires Water2H2 AB

Metacon has completed the acquisition of the electrolysis company Water2H2 AB to improve its position as a complete system supplier in the hydrogen market. The acquisition is driven by synergies in sales and organisation which enables large-scale hydrogen production with presence in several European countries, regardless of the technology. Metacon is one of the founders of Water2H2 AB, owning 20% of the company’s shares since the inception, and has an option to acquire the remaining (80%) from the owners between 1 January and 30 January 2022 (Press release). 

Enersense acquires the share capital of Pori Offshore Constructions Ltd

Enersense Works Ltd completed the transaction to acquire the entire share capital of Pori Offshore Constructions Ltd., a company that specialises in offshore wind power and renewable energy. The acquisition enables Enersense to capture another part of the value chain of renewable energy production projects, moving from installation services to comprehensive deliveries, as well as new business opportunities in for instance bioenergy and hydrogen projects. The purchase price will be paid in cash by Enersense, including a basic purchase price of the share capital (EUR 1) and an additional purchase price (EUR 0.5 million). The acquisition will not alter Enersense’s earnings guidance for 2021 and Pori Offshore Constructions will be reported as a part of their Smart Industry segment (press release, press release). 

What we’re reading

• Migration will soon be the biggest climate challenge of our time (Financial Times)
• Mark Carney is wrong: humanity still needs fossil fuels (Financial Times)