Statkraft and Norfund have signed an agreement expressing their intention to restructure and prolong their cooperation within renewable energy. The aim is to create a leading international hydropower cluster, based on assets from Statkraft, SN Power and Agua Imara.
Statkraft will operationally integrate the existing portfolio in South Asia & South America, keeping the ownership structure, while a new SN Power will be created, consisting of existing SN Power’s portfolio in South East Asia and Agua Imara’s portfolio in Africa and Central America. Existing co-owners of Agua Imara will be invited to participate and one or two financial investors will be invited along at a later stage. A separate Project and Construction unit will be established within Statkraft International Hydropower, which shall be a preferred supplier of project and construction execution services to all international hydropower projects within Statkraft and SN Power.
“Statkraft’s ambition is to become a leading international company within hydropower. A final agreement with Norfund will further strengthen our industrial role and take advantage of the competence within the Statkraft Group”, says Christian Rynning-Tønnesen, CEO of Statkraft.