Statkraft is understood to have taken an initial batch of indicative offers for its circa 1.3 GW UK & Irish renewables portfolio, while keeping the bidding window open for the next couple of days to allow for a final set of NBOs.

While groups such as Equitix, GLIL Infrastructure, Macquarie, Schroders Greencoat and USS have all previously been connected to the process and are seen as potential suitors, entities including NTR – via the L&G NTR Clean Power (Europe) Fund, CVC DIF, KKR, IFM Investors and EQT-backed Tion Renewables are also mooted to have been eyeing a tilt at all or part of the portfolio.

Statkraft is understood to be keen to sell the platform in one go, with some consortia therefore forecast to form, allowing consortia members the opportunity to bid for specific parts of the portfolio.

Statkraft owns operational onshore wind, solar PV and battery storage assets in the UK and Ireland and also has a sizable development pipeline.

The bulk of the operating assets in the portfolio are located in Ireland, with much of the group’s pipeline in the UK.

The group could also offer construction services for any RTB projects to the eventual acquirer.

RBC (financial) is advising Statkraft on the sale.