Statkraft, a Norway-based renewable energy company, has sold a 120 MWp operational solar project portfolio to the Dutch renewable energy supplier Greenchoice.
In the Netherlands, a share purchase agreement has been signed with Greenchoice for the acquisition of 120 MWp of operational solar assets, along with a development portfolio of solar, wind, and battery projects, and the integration of a team of experienced professionals.
The transaction is expected to close in the autumn this year. The financial details of the transaction remained undisclosed.
“I am very pleased that we have agreed to sell our portfolios of solar, wind, and storage projects in the Netherlands to a company which will use this business as a platform for further growth. It is equally important to me that our competent and dedicated staff will get new opportunities with a good employer,” says Executive Vice President for Europe, Barbara Flesche.
“Greenchoice shares our commitment to renewable energy and sustainability, and we are confident that this transaction will contribute to the green energy transition in Europe,” adds Flesche.
Statkraft will continue its market operations in the Netherlands and scale back its hydrogen projects in the country, according to the press release.
In April 2022, the company had secured a €1.3 billion (~$1.43 billion) 5-year sustainability-linked syndicated revolving credit facility with two 1-year extension options. The facility replaces the existing syndicated revolving credit facility of NOK 9.2 billion (~$1.06 billion), signed in June 2016, Statkraft stated.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
In July, BayWa r.e., a renewable energy project developer, announced the sale of a 60 MWp solar project portfolio in Spain to KGAL Investment Management, an asset manager. The projects are equipped with single-axis trackers and are backed by a 10-year virtual power purchase agreement. Both projects have reached commercial operation in the second quarter of 2025.
