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RenewableUK 2010: Statkraft launches renewable power purchase business in the UK

Statkraft has entered into long-term power purchase agreements with two wind farms in Scotland and Wales as Statkraft launches its Renewable Power Purchase business in the UK.

Both wind farm projects secured bank debt finance and the agreements last up to 15 years and encompass the purchase of electricity and renewable benefits.

”Statkraft’s ambition is to be the leading renewable energy company in Europe, and a driving force for renewable energy in the United Kingdom” says Asbjørn Grundt, Executive Vice President, Head of Market Operations and IT in Statkraft.

“As well as developing onshore and offshore wind farms, Statkraft’s standing, values and pedigree allows us to offer bankable power purchase agreements to independent generators in the UK,” he adds.

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Policy, investment and markets  •  Wind power