Norwegian renewable energy company Statkraft is looking to strengthen its foothold in the European electric vehicle charging market with the purchase of E-WALD, a German EV charging company.
Based in Bavaria, E-WALD operates 300 charging stations and offers leasing services for 100 fleet cars with a base of around 7,000 customers. A purchase price was not disclosed.
Statkraft entered the German EV charging market in 2018, with the purchase of a 61 percent stake in Munich-based eeMobility, which provides EV charging solutions for company car fleets. The company said is looking to grow its EV charging business in key growth markets in Europe.
“E-WALD is well-placed for growth within fast charging in Germany, and we look forward to building the company further and supporting its ambitious growth strategy,” said Bjørn Holsen, senior vice president for new business at Statkraft.
Statkraft is Europe’s largest generator of renewable energy, with a focus on hydropower, wind power, solar power, gas-fired power and supplies district heating.