Statkraft Energias

What Statkraft Energias does

Statkraft Brasil is a wholly-owned subsidiary of Norwegian state-owned Statkraft AS, operating as an integrated renewable energy company across hydropower, wind, and solar generation in Brazil. The company controls approximately 2.3 GW of installed and under-construction capacity, including 16 hydroelectric plants and multiple wind and solar complexes spanning the Southeast, South, and Northeast regions, with its national headquarters in Florianópolis and commercial offices in Rio de Janeiro and São Paulo. The company's hybrid energy complexes (such as Brotas de Macaúbas and Santa Eugênia) integrate wind, solar, and battery energy storage systems at shared grid connection points, leveraging flexible hydropower reservoirs to balance intermittent renewable production.

Statkraft Brasil serves two primary segments: downstream commercial and industrial energy buyers through customized power purchase agreements (PPAs) ranging from short-term to multi-year tenors, and upstream renewable generators through its energy trading and origination desk that executes structured deals and project financing facilitation. The company also sells International Renewable Energy Certificates (I-REC) to multinational corporations seeking GHG Protocol Scope 2 compliance, having sold more than 2 million I-RECs between 2021 and 2024 and being the first generator in Brazil and India to offer traceable renewable energy with guaranteed origin. Named enterprise customers include Tigre, whose 70% energy demand is supplied via a Statkraft PPA.

Revenue is generated through three streams: (1) power generation and bilateral PPA sales to C&I clients in Brazil's free energy market, (2) energy trading and origination revenue across physical and financial markets (parent group executes 3 million energy contracts per year globally with durations from one hour to 20 years), and (3) transaction-fee revenue from I-REC certificate sales, with 10% of net I-REC revenue reinvested into socioenvironmental projects aligned with UN Sustainable Development Goals. GTM is sales-led and enterprise-focused, anchored by direct B2B relationships customized per client's energy profile, with pricing not publicly disclosed and contracts negotiated bilaterally.

Name

Statkraft Energias

Legal name

Statkraft Brasil

Website

https://statkraft.com.br

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Statkraft Brasil is a wholly-owned subsidiary of Norwegian state-owned Statkraft AS, operating 2.3 GW of hydropower, wind, and solar assets across Brazil. It serves commercial and industrial energy buyers through customized long-term PPAs and multinational corporations via I-REC renewable energy certificates.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Trading

NAICS

Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ)

akta.pro secondary industries

Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

Keywords

• Renewable energy generation
• Hydropower and wind power
• Solar hybrid complexes
• Energy trading and PPAs
• I-REC certificates

Headquarters

HQ city

Florianópolis

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Energy generation and trading: Statkraft generates and sells electricity from renewable sources (hydropower, wind, solar) and trades energy in physical and financial markets across Europe and Brazil. The company executes 3 million contracts per year globally, with contract durations ranging from 1 hour to 20 years. Brazil commercialization includes short and long-term contracts, as well as facilitating renewable energy and project financing.
2. I-REC (Renewable Energy Certificate) sales: Sale of International Renewable Energy Certificates (I-RECs) which certify that 1 MWh of electricity was generated from renewable sources and consumed on the grid. Between 2021 and 2024, more than 2 million certificates were sold. Statkraft reinvests 10% of the net revenue from REC sales into socioenvironmental projects aligned with UN Sustainable Development Goals.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Statkraft Brasil generates renewable electricity from 16 hydroelectric plants, wind complexes, and hybrid solar projects (2.3 GW installed/under construction) and sells it to commercial and industrial buyers through customized short- and long-term Power Purchase Agreements (PPAs) in Brazil's free energy market. It also issues International Renewable Energy Certificates (I-RECs) — being the first generator in Brazil and India to offer traceable renewable energy with guaranteed origin — and provides energy origination, trading, and project financing facilitation. The company executes approximately 3 million contracts per year globally.

Product overview

Statkraft Brasil operates as an integrated renewable energy company offering a comprehensive portfolio of products and services across the energy value chain. The core offerings include energy generation through hydroelectric, wind, and solar sources (totaling 2.3 GW installed capacity), energy trading and commercialization services for commercial and industrial clients, and I-REC certificates for renewable energy tracking. The company specializes in hybrid projects combining wind, solar, and battery storage, and provides market solutions including power purchase agreements (PPAs). Individual products include 16 hydroelectric plants, multiple wind complexes (Complexo Santa Eugênia at 519 MW being the largest), and newly inaugurated hybrid solar projects. Supporting services include dam safety management, environmental monitoring programs, and the annual Green Transition Scenarios report for energy market analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Trading and Commercialization (Comercialização de Energia) Customized energy origination solutions for upstream renewable generators and downstream commercial/industrial consumers, including short-term and long-term contracts (durations from 1 hour to 20 years) and renewable energy and project financing facilitation, sold directly to enterprise clients in Brazil's Mercado Livre.
• International Renewable Energy Certificates (I-RECs) Internationally traceable renewable energy certificates that certify 1 MWh of electricity was generated from renewable sources and consumed on the grid, sold to multinational corporations for Scope 2 emissions reporting and ESG compliance (more than 2 million I-RECs sold between 2021 and 2024).
• Hydroelectric Energy Generation Generation of renewable electricity from 16 hydroelectric power plants in Brazil, with flexible reservoir capabilities used to balance intermittent wind and solar production across the company's hybrid energy complexes.
• Wind Energy Generation Onshore wind energy generation through multiple wind complexes across Brazil, including Complexo Santa Eugênia (519 MW) and Complexo Osório (317.9 MW); Statkraft ranks among the top 10 wind energy generators in Brazil and operates 96 wind parks globally.
• Solar Energy Generation Solar energy generation including hybrid projects combining solar with wind and battery energy storage systems (BESS) at shared grid connection points, with the first hybrid solar plants in Brazil inaugurated in 2025 (228 MW added).

Quantifiable outcome

• 2+ million I-RECs sold between 2021 and 2024
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• WEGcoreStrategic or Co-development Partner · 1 January 2023In 2023, Statkraft signed a partnership with WEG and Petrobras for the construction of Brazil's largest onshore wind turbine generator. This collaboration represents a strategic co-development initiative to advance wind energy technology and deployment in Brazil.
• PetrobrascoreStrategic or Co-development Partner · 1 January 2023In 2023, Statkraft signed a partnership with WEG and Petrobras for the construction of Brazil's largest onshore wind turbine generator. The partnership combines energy generation, equipment manufacturing, and fuel distribution capabilities.
• Adami S/A MadeirascoreStrategic or Co-development PartnerStatkraft holds a 50% ownership stake in the Central Hidrelétrica Victor Baptista Adami (Passos Maia) hydroelectric plant, with the other 50% held by Adami S/A Madeiras. This joint ownership represents a long-term strategic partnership in hydroelectric generation.
• CPFL – Geração de Energia S.A.coreStrategic or Co-development PartnerCPFL holds 65% ownership in the CERAN Hydroelectric Complex (Complexo Energético do Rio das Antas), while Statkraft holds 5% and CEEE-GT holds 30%. The complex comprises three plants (Monte Claro 130 MW, Castro Alves 130 MW, 14 de Julho 100 MW) totaling 360 MW.
• CEEE-GT (Companhia Estadual de Geração e Transmissão de Energia Elétrica)coreStrategic or Co-development PartnerCEEE-GT holds 30% ownership in the CERAN Hydroelectric Complex (360 MW total capacity), with CPFL holding 65% and Statkraft holding 5%. The complex is located on the Rio das Antas in Rio Grande do Sul.

Scale indicators11 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• ENGIE Brasil: One of the largest private energy companies in Brazil, operating across renewable generation (hydro, wind, solar), energy trading, and transmission. Directly comparable to Statkraft Brasil in scope and customer base, with overlapping PPA commercialization, B2B sales motion, and hybrid renewable development in the same Brazilian free energy market.
• Enel Green Power Brasil: Subsidiary of Enel Group operating wind, solar, and hydro generation in Brazil with energy commercialization to commercial and industrial clients. Closely comparable to Statkraft Brasil in asset mix (multi-technology renewables), PPA sales approach, and reliance on global parent capital.
• EDP Energias do Brasil: Operates hydro, wind, and solar generation in Brazil and provides energy commercialization services in the free market. Direct peer given multi-technology renewable portfolio and C&I-focused commercialization, with prior transaction overlap (Statkraft acquired 7 hydro plants from EDP in 2018).
• AES Brasil (Auren Energia): Renewable energy generator and trader in Brazil with wind, hydro, and solar assets serving the free energy market. Comparable to Statkraft Brasil in renewable generation scale, B2B PPA commercialization, and asset diversification across hydro/wind/solar.
• Omega Energia: Brazilian renewable energy generator and trader focused on wind and hydro, with significant activity in the free energy market and PPA commercialization to commercial/industrial clients. Comparable as a focused renewable peer with similar GTM motion and customer overlap.

Broad incumbents

• CPFL Energia: Major Brazilian utility group (now under State Grid) operating generation, transmission, distribution, and commercialization across multiple technologies. Comparable as a strategic partner (CPFL holds 65% of the CERAN hydro complex alongside Statkraft) and as a broad incumbent in the same commercialization and free-market segments.
• Neoenergia (Iberdrola): Brazilian subsidiary of Iberdrola operating across generation (wind, hydro, solar), transmission, and distribution, with active renewable energy commercialization. Comparable as a broader incumbent in the Brazilian renewable generation and B2B commercialization market.
• Eletrobras: Largest power company in Latin America with dominant hydro generation plus growing wind and solar assets in Brazil. Comparable as a broad incumbent in renewable generation, though with materially larger scale and a different ownership/governance profile than Statkraft Brasil.

Others

• Petrobras: Brazilian state-owned oil and gas major actively diversifying into renewables, including a strategic partnership with Statkraft and WEG (2023) to build the largest onshore wind turbine in Brazil. Adjacent/ecosystem peer given the active partnership rather than direct product competition.
• WEG: Brazilian electrical equipment manufacturer and renewable energy strategic partner (2023 partnership with Statkraft and Petrobras for largest onshore wind turbine). Adjacent/ecosystem peer as a technology supplier and co-development partner rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/statkraft-brasil

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Statkraft Energias