Statkraft closes Brazilian corruption case

Having paid a fine of EUR 2.8m to Brazilian authorities, the Norwegian utility can now close a case it's been dragging along since acquiring Desenvix Energias Renováveis in 2015.

Photo: Statkraft

Corruption is not the first thing that comes to mind when considering Norwegian state-owned utility Statkraft. Nevertheless, it has left a large stain on the company's business in Brazil in recent years.

Meanwhile, closure has now come to the corruption case involving company Desenvix Energias Renováveis, which was officially taken over by Statkraft in 2015 and therefore bears the name Statkraft Energias Renováveis today.

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