After the acquisition of Enerfin in 2023, Statkraft is one of the ten largest wind power producers in Brazil. Most recently in July 2026, Statkraft decided to invest in Gran Sul, a 280 MW onshore wind project in Rio Grande do Sul, with construction scheduled to begin in January 2027. The company pursues a diversified renewable portfolio—hydropower, wind, and solar—to deliver competitive energy solutions across Brazil's high-growth market.
Cyborg Score Rationale
Brazil represents an important growth market for Statkraft with strategic potential to strengthen and increase the company's generation of renewable energy and trading of electricity worldwide. Strong operational scale (2,400+ MW), continuous investment activity, and market leadership position in wind are offset by limited direct financial disclosures and dependent parent-company performance.
Top Insights
Statkraft has been active in Brazil since 2012 and has owned 100% of shares since 2023, reflecting a long-term, fully committed strategic presence.
Statkraft employs more than 300 people in Brazil and has been present since 2008 (per investor materials), demonstrating operational maturity and local market knowledge.
Statkraft Brasil was recognized as a Pro-Ethics Company by Brazil's Office of the Comptroller General in July 2026, signaling strong corporate governance alignment with local regulatory expectations.
The Gran Sul investment strengthens Statkraft's position as a significant player in hydropower, wind power and solar power in Brazil, enabling a full-stack renewable energy competitive strategy.
Named Competitors
Neoenergia — Brazilian utility with hydropower, wind and solar operations
Enel Brasil — Major integrated utility with renewable energy portfolio in Brazil
CPFL Energia — Brazilian utility focused on power generation and distribution
EDF Renováveis — International renewable energy developer with Brazil presence
Ørsted — Global renewable energy company with wind and solar operations
Recent Developments
(March 2024) Acquired 260 MW of operational wind farms (Jerusalém and Boqueirão) from EDP Renováveis
(July 2026) Announced investment decision in Gran Sul 280 MW onshore wind project; construction to begin January 2027
(July 2026) Earned Pro-Ethics Company certification from Brazil's Office of the Comptroller General
Open the full interactive Statkraft Brasil report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.