{"id":5692,"date":"2019-10-10T13:54:49","date_gmt":"2019-10-10T11:54:49","guid":{"rendered":"https:\/\/torsaglobal.com\/uncategorized\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/"},"modified":"2019-10-10T13:54:49","modified_gmt":"2019-10-10T11:54:49","slug":"statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets","status":"publish","type":"post","link":"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/","title":{"rendered":"Statkraft expands in Chile with the acquisition of Torsa\u2019s assets"},"content":{"rendered":"

The Norwegian state-owned company and Europe\u2019s largest renewable energy generator, Statkraft<\/strong>, has acquired the Chilean assets of Spanish firm Torsa<\/strong>. The acquired assets, valued at USD 180 million<\/strong>, include three wind farms<\/strong> with a combined installed capacity of 110 MW<\/strong>.<\/p>\n

Source: https:\/\/lexlatin.com\/portal\/noticias\/statkraft-se-expande-en-chile-con-la-adquisicion-de-activos-de-torsa<\/a><\/p>\n

<\/p>\n

According to Statkraft, the projects are Cardonal (30 MW)<\/strong>, Manantiales (28 MW)<\/strong>, and Cerrillos (52 MW)<\/strong>, all located in the Libertador General Bernardo O’Higgins Region<\/strong>. Each project has received its respective Environmental Qualification Resolution (RCA)<\/strong> approval.<\/p>\n

For the acquisition, Statkraft was advised by the law firm Atkinson Costabal Undurraga & Achurra Abogados (ACU)<\/strong>. Torsa was reportedly advised by Sandoval, Seoane & C\u00eda<\/strong>, although the latter has not confirmed its involvement.<\/p>\n

Pablo Undurraga<\/strong>, partner at ACU, highlighted:<\/p>\n

\n

\u201cThis acquisition marks a significant milestone in Statkraft\u2019s strategy in Chile, giving momentum to its investment plans in the country,\u201d particularly because the company intends to continue developing the three projects, which are expected to reach completion by 2022 and collectively generate an average of 300 GWh per year<\/strong>.<\/p>\n<\/blockquote>\n

According to El Mercurio<\/em>,<\/p>\n

\n

\u201cthe goal is to triple the company\u2019s current capacity and reach 800 MW of installed capacity<\/strong> within five years.\u201d Chile, along with Brazil and India, is one of Statkraft\u2019s three priority countries for international expansion.<\/p>\n<\/blockquote>\n

Statkraft entered the Chilean market in 2014<\/strong> through the acquisition of SN Power<\/strong> and the formation of a joint venture with Pacific Hydro<\/strong>. These companies operate the La Higuera<\/strong> and La Confluencia<\/strong> run-of-river hydropower plants in the O’Higgins Region. Statkraft also owns Empresa El\u00e9ctrica Pilmaiqu\u00e9n<\/strong>, which operates the Rucatayo hydroelectric power plant<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Norwegian state-owned company and Europe\u2019s largest renewable energy generator, Statkraft, has acquired the Chilean assets of Spanish firm Torsa. The acquired assets, valued at USD 180 million, include three wind farms with a combined installed capacity of 110 MW. Source: https:\/\/lexlatin.com\/portal\/noticias\/statkraft-se-expande-en-chile-con-la-adquisicion-de-activos-de-torsa According to Statkraft, the projects are Cardonal (30 MW), Manantiales (28 MW), and […]<\/p>\n","protected":false},"author":5,"featured_media":5694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[203],"tags":[],"class_list":["post-5692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewable"],"yoast_head":"\nStatkraft expands in Chile with the acquisition of Torsa\u2019s assets - Torsa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statkraft expands in Chile with the acquisition of Torsa\u2019s assets - Torsa\" \/>\n<meta property=\"og:description\" content=\"The Norwegian state-owned company and Europe\u2019s largest renewable energy generator, Statkraft, has acquired the Chilean assets of Spanish firm Torsa. The acquired assets, valued at USD 180 million, include three wind farms with a combined installed capacity of 110 MW. Source: https:\/\/lexlatin.com\/portal\/noticias\/statkraft-se-expande-en-chile-con-la-adquisicion-de-activos-de-torsa According to Statkraft, the projects are Cardonal (30 MW), Manantiales (28 MW), and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Torsa\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-10T11:54:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/torsaglobal.com\/wp-content\/uploads\/2025\/02\/pinwheel-2222471_1920-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1079\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jaime\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jaime\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\"},\"author\":{\"name\":\"Jaime\",\"@id\":\"https:\/\/torsaglobal.com\/za\/#\/schema\/person\/b5ed1396da460fd7d796b96bb49f3662\"},\"headline\":\"Statkraft expands in Chile with the acquisition of Torsa\u2019s assets\",\"datePublished\":\"2019-10-10T11:54:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\"},\"wordCount\":272,\"publisher\":{\"@id\":\"https:\/\/torsaglobal.com\/za\/#organization\"},\"image\":{\"@id\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/torsaglobal.com\/wp-content\/uploads\/2025\/02\/pinwheel-2222471_1920-1.jpg\",\"articleSection\":[\"Renewable\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\",\"url\":\"https:\/\/torsaglobal.com\/za\/renewable\/statkraft-expands-in-chile-with-the-acquisition-of-torsas-assets\/\",\"name\":\"Statkraft expands in Chile with the acquisition of Torsa\u2019s assets - 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