As per reports, Norway's Statkraft is planning to divest a 1.7 GW portfolio of renewable assets in Australia, following recent rumors of also looking to divest its ownership in projects it acquired from Enerfin for $1.95bn.
Strategic Shift:
📉 Divesting operations in four non-core markets: Canada, the US, Colombia, and Australia.
🌍 The focus shifts to primary markets: Europe, India, Chile, Peru, and Brazil.
Growth Ambitions:
🚀 Developing 2.5-3 GW of new capacity, including battery storage, annually by 2025.
📈 Targeting 4 GW in annual capacity by 2030.
Market Insights:
The Australian renewable market has witnessed several high-profile assets and platforms put up for sale recently, including Shizen Energy, Tetris Energy, and the Australian units of Neoen and Naturgy.