Statkraft signs €4.5 billion swap agreement
Energy company Statkraft has signed a €4.5 billion ($7.07 billion) deal with power and gas company E.ON that strengthens Statkraft’s position in the European renewable electricity market.
The agreement involves Statkraft swapping 44.6% of its shares in E.ON Sverige and a Swedish hydropower plant for 39 of E.ON Sverige’s hydropower production plants, five Swedish district heating plants, two gas fired power plants, 11 German hydropower plants and one British hydropower plant. Further shares in E.ON and a structured gas storage and electricity supply contract have also been added to the bargain by E.ON.
“Through this agreement, Statkraft will strengthen its position as a flexible
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net