Statkraft acquires Croatian portfolio of French Neoen

The acquisition has received all regulatory approvals, which enabled an integration of the Neoen portfolio into Statkraft’s operation in Croatia, the Croatian unit of Statkraft said in a press release.

Financial details were not disclosed.

The portfolio includes all Neoen projects in early development phase: projects for wind farms, solar power plants, and project for battery energy storage systems (BESS).

Neoen has been operating in the Adriatic country since mid-2020, while Statkraft started operations in Croatia in 2021.

As part of Statkraft's strategic vision, the accelerated development of solar power plants, onshore and offshore wind farms, and BESS represents a key focus area.