OSLO (Reuters) -Norway's biggest utility, state-owned Statkraft, said on Wednesday it has agreed to sell its renewable energy development activities in the Netherlands to Dutch firm Greenchoice for an
Statkraft Sells Dutch Renewable Energy Division to Greenchoice
OSLO (Reuters) -Norway's biggest utility, state-owned Statkraft, said on Wednesday it has agreed to sell its renewable energy development activities in the Netherlands to Dutch firm Greenchoice for an undisclosed sum.
The share purchase agreement covers 120 megawatt peak (MWp) of operating solar power assets and as well as a portfolio of solar, wind and battery projects, and the transfer of the local team, Statkraft said.
Closing is expected in the autumn, it added.
The divestment is part of Statkraft's efforts to streamline operations, cut costs and focus on core activities.
(Reporting by Nora Buli, editing by Terje Solsvik)
