Atlantica Sustainable Infrastructure has finalised the acquisition of Statkraft’s renewable energy platform in Canada. The platform consists of 236 MW of operational capacity, along with a development pipeline of around 600 MW spanning renewable and storage projects. The operational portfolio includes a 51 per cent interest in l’Érable, a 100 MW wind project in Quebec operating since 2013, and a 136 MW wind project in Alberta that started delivering power in early 2025.
Both projects hold long-term power purchase agreements with investment-grade counterparties, with an average remaining contract duration of about 13 years. The company announced the acquisition agreement in August 2025. Following the fulfilment of standard regulatory requirements and closing conditions, the transaction has now been completed
In September 2025, Serentica Renewables signed an agreement to acquire Statkraft’s Indian solar portfolio, including a 445 MWp operational plant in Bikaner and 1 GWp of development assets in Rajasthan. With this acquisition, Serentica’s total operating capacity will reportedly rise to 1.5 GW.