Statkraft has sold the 71-turbine Roan wind farm in Norway to local power company TrønderEnergi and German municipal utility Stadtwerke München.
The transaction, which will deliver a 51-49 ownership split between the companies, respectively, is set to close at the end of next month.
TrønderEnergi already operates the wind farm and the deal does not affect that.
The 256MW project is part of the giant 1GW Fosen cluster and generates 884 gigawatt-hours every year.
“We have for a long time equipped ourselves to take part in the growth and value creation that is taking place in wind power in central Norway. Buying us up and becoming a leading owner in Roan wind farm is an important step in that strategy,” said Ståle Gjersvold, TrønderEnergi chief executive.
“Statkraft’s strategy in Norway is to have an industrial role where we have ownership. It was therefore natural now to sell out of Roan wind farm since the operation has been transferred to TrønderEnergi,” added Birgitte Ringstad Vartdal, Executive Vice President for Wind and Solar Power Europe at Statkraft.