Onshore wind developer acquired by European renewable energy giant

A London-based onshore wind developer has been acquired by Europe’s ‘largest generator of renewable energy’.

Norwegian hydropower specialist Statkraft has acquired Airvolution Clean Energy Ltd as part of its ambition to deploy 600MW of onshore wind and solar generation in the UK.

The deal will see the Airvolution team moving in-house as part of the growing Statkraft workforce based in the UK.

The Norwegian firm will retain Airvolution’s Glasgow office with plans to double its size, bringing onboard new recruits in September.

David Flood, managing director of Statkraft UK, commented: “We have been very impressed with what Airvolution has achieved in a relatively short period of time through our development partnership for Scottish onshore wind projects.

“Bringing the team in-house is a natural progression of that partnership, bringing considerable efficiencies and significantly strengthens our ability to deliver against our ambitious targets for the UK.”

Richard Mardon, CEO of Airvolution Clean Energy Limited added: “This acquisition is a clear and powerful endorsement of our strong performance over the past two years.

“We look forward to continuing that momentum within the Statkraft UK team.”

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