Various financial investors are preparing to submit offers next week for a more than 1 GW renewable power portfolio in the UK and Ireland being sold by Norwegian state-owned energy group Statkraft, four sources familiar said.

Infrastructure investors including HitecVision, Hong Kong’s CK Infrastructure, UK pension fund investor USS, Schroders Capital, Equitix and GLIL are circling the 1.3 GW portfolio of wind and solar power assets in the two markets, sources said.

Statkraft, which launched the sale of the portfolio last October, is being advised by RBC on the sale.

The renewable power assets on the block are at early stages of development, while other assets are ready-to-build and some are already under construction.

In addition to the development projects, Statkraft also has a large portfolio of operational wind and solar assets and hydropower projects in both UK and Ireland that are not part of the current sale process.

However, Statkraft is currently seeking an equity partner for the development of a 500 MW pumped storage and hydro project Loch na Cathrach in Scotland, with KPMG advising, Infralogic reported earlier.

Spokespersons at Statkraft, Schroders, Hitec Vision and USS declined to comment, while Equitix, GLIL, CK Infrastructure and RBC did not respond to requests for comment.

Oslo-headquartered Statkraft, best known as a hydropower producer in its home market Norway, is active in other European countries across other clean energy segments such as wind, solar and gas-fired power, and supplies district heating. In the UK and Ireland, the company owns a portfolio of onshore and offshore wind projects as well as solar and solar plus battery energy storage system (BESS) projects.

Statkraft’s onshore wind portfolio in the UK includes the 50 MW Achrugan wind project, the 85.8MW An Càrr Dubh wind project, the 72 MW Beaw Field wind project, the 126 MW Energy Isles wind project, the 66.7 MW Berry Burn wind project, and various others in early stages of development, all in Scotland.

In the solar segment, in the UK, Statkraft is developing the 30 MW Alleston solar project, the 40 MW Kitland solar power project with a BESS, the 40 MW Speedwell solar project, and various others.

Last year, it started operations at its 174 MW Clonfad solar farm, and in 2024 commissioned the 21 MW Monaraha solar farm, both in Ireland.

Statkraft, which has built an installed capacity of 22.3 GW globally over the years, in 2024 announced its move to prioritize investments in Norway, Europe, and South America and sell its energy production assets in Croatia, the Netherlands and India. It did not mention a potential sale of assets or portfolio in the UK or Ireland at the time.

The company divested several wind and solar power projects in 2024 for EUR 400m which included the 58 MW Moanvane wind farm in Ireland for EUR 100m.

In 2024, it acquired Spanish renewables company Enerfin but later decided to sell some of Enerfin’s international assets. It has closed the sales of its development activities in Croatia and Enerfin assets in the US.

Its European EV charging business Mer also recently sold its UK public charging business to Be.EV, a UK charging business that is majority-owned by Octopus Energy Generation’s Sky Fund.