(Madrid, 25. November 2019) Statkraft, Europe´s largest producer of renewable energy and leading PPA provider, kicks off its Wind & Solar development business in Spain and Portugal

Statkraft aims at developing onshore wind and solar projects in the Iberian Peninsula in-house or by entering into partnerships to co-develop projects. In addition, the company will also look for M&A opportunities in this field. Statkraft´s Wind & Solar department in Spain will be headed by Luis Miguel Alvarez. Luis Miguel brings broad and extensive experience in the renewable energy sector. Over the last 13 years he has been focusing on Business Development and Project Management activities for leading clean energy companies.

“The Iberian renewables market is interesting for us because it allows us to further enhance our role as market integrator and leadership as renewable energy generator by enabling the development of more renewable capacity and actively contributing to decarbonization and energy transition of Iberias electricity generation and consumption placing Statkraft as a key player in the industry.” says Tiago Thomaz, Head of Origination Iberia and Country Manager of Statkraft Spain.

“Statkraft is ramping-up wind and solar development activities as part of its strategic plan 2020-2025 and is planning to build 6,000 megawatts of onshore wind and 2,000 megawatts of solar worldwide until 2025. Thus, the Spanish renewable energy sector with estimated growth targets of 17 GW onshore wind and 18 GW solar by 2025 is one of the core target markets for Statkraft which should greater contribute to meet our targets, says Luis Miguel Alvarez, Head of Wind and Solar Iberia.”

Statkraft has made the first step into the Iberian market already in March 2018 with the conclusion of a 15-year PPA for the first subsidy-free solar plant Don Rodrigo in Sevilla. To strengthen its position as a front runner in the renewable PPA business in Southern Europe, Statkraft established an office in Madrid in March 2019. As part of its market integrator role, Statkraft plans to triple its volumes under market-access, PPAs and supply contracts with upstream generators and downstream end-customers by 2025 across Europe.

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3600 employees in 16 countries.

For more information: 

Luis Miguel Alvarez, Head of Wind and Solar Iberia, +34 600 986 338, luismiguel.alvarez@statkraft.com

Tiago Thomaz, Head of Origination and Country Manager Spain and Portugal, +44 773 9340 325, tiago.thomaz@statkraft.com

Torbjørn Steen, VP Communications European Wind and Solar, +47 911 66 888, ts@statkraft.com