BDO provided sell-side financial and tax due diligence on the sale of Solarcentury to Statkraft.
Solarcentury is a global solar developer headquartered in London, UK with around 180 people across 12 countries. Since the company changed their strategic approach in 2013 it has developed 40 utility-scale projects totalling ca 1,200 MWp across 7 countries.
Statkraft, Europe’s largest producer of renewable energy, will gain access to a 6 GW pipeline (gross) in Europe and South America that combined with Statkraft’s current project portfolio immediately positions the company as a leading developer in the European solar market. Together the companies are well positioned for accelerated growth in solar and to become one of the world’s leading renewable energy companies.
"This transaction has put Solarcentury and Statkraft on a firm footing to accelerate the growth of solar. Throughout the process we were supported by BDO’s sector knowledge; their flexibility and approach made the team enjoyable to work with. We’d be delighted to recommend them."
Tony Crawte - Chief Financial Officer - Solarcentury