Ørsted has agreed to sell its entire European onshore business to Copenhagen Infrastructure Partners (CIP) for DKr10.7bn ($1.69bn). CIP is executing the divestment via its fifth flagship fund, Copenhagen Infrastructure V (CI V). Ørsted’s European onshore activities include projects across Ireland, the UK, Germany and Spain. They encompass wind, solar energy and battery energy storage systems (BESS), with a total of 578MW in operation and an additional 248MW under construction. CIP chief investment offi ...

Core Points - Statkraft has signed an agreement to sell its Colombian renewables portfolio, Enerfín Colombia, to Ecopetrol, the national oil company of Colombia [1] - The transaction includes staff, eight projects under development, and the 130 MW Portón del Sol solar plant, which was the first utility-scale solar plant in Colombia [1] - The sale is expected to be completed in the third quarter of 2025, pending regulatory approvals [2] - Barbara Flesche, Executive Vice President for Europe, expressed satisfaction with the divestment, highlighting the skilled team and attractive portfolio built by Enerfín in Colombia [3] - Statkraft acquired its Colombian renewables portfolio as part of the Enerfín transaction in May 2024, which significantly strengthened its position in Spain and Brazil [4] - The acquisition added a portfolio of 1.5 GW of wind and solar power projects in operation and under construction, along with a pipeline of projects under development [4] - Statkraft's strategy focuses on growth and building scale in selected markets in the Nordics, Europe, and South America [4]

Core Insights - Statkraft has signed an agreement to sell its Colombian renewables portfolio, Enerfín Colombia, to Ecopetrol, the national oil company of Colombia [1] - The transaction includes staff, eight projects under development, and the 130 MW Portón del Sol solar plant, which was the first utility-scale solar plant in Colombia [1] - The sale is expected to be completed in the third quarter of 2025, pending regulatory approvals [2] Company Strategy - The divestment of Enerfín Colombia is part of Statkraft's strategy to streamline its operations outside core markets, confirming the company's ability to build a skilled team and an attractive portfolio in Colombia [3] - Statkraft's acquisition of the Colombian renewables portfolio in May 2024 significantly strengthened its position in Spain and Brazil, making it one of the top 10 wind power producers in those countries [4] - The acquisition added a portfolio of 1.5 GW of wind and solar power projects in operation and under construction, along with a pipeline of projects under development, aligning with Statkraft's strategy to grow in selected markets in the Nordics, Europe, and South America [4]