Statkraft Looks to Billion-Euro Deal for Swedish Wind Power

GALWAY, IRELAND--September 9, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Norwegian energy company Statkraft AS (Oslo) hopes to greatly expand the company's wind energy portfolio by entering into a wide-ranging renewable energy deal with Swedish forestry and timber company Södra (Vaxjo). The deal, valued at about 1 billion euros ($1.45 billion), will see Statkraft take a 90% share in Södra's fledgling wind power operation, Södra Vindkraft AB, which opens up the possibility of developing a potential portfolio of 300 installations on Södra property.