IPE Real Assets
Summary
Patrizia is acquiring Statkraft’s district heating operations in Norway and Sweden in a €312m deal.
Statkraft Varme operates 13 plants and a distribution network, supplying low-carbon thermal energy generated from renewable and surplus sources to customers in Norway, including its flagship Trondheim asset, and Sweden.
Henrik Sætness, executive vice president at renewable energy firm Statkraft, said: “District heating is an important part of the green transition and the move toward a more circular economy. The use of surplus energy helps free up critical capacity in the power grid. We are confident that we have now entered into an agreement with companies that have the experience and capability to continue the excellent work carried out by our employees in Statkraft Varme.
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