Vattenfall, Luxcara and Facebook have signed long-term supply and service agreements for integrating the output of three new Norwegian wind projects into the electric grid that provides power to Facebook’s Nordic data centres in Odense, Denmark, and Luleå in Sweden.
Energy Finance & Investment News in Norway
On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA approved the board of directors’ proposal to change the company name to Equinor ASA. From 16 May 2018 (inclusive), the company’s shares have been trading on Oslo Børs under the new ticker “EQNR”.
Eolus has announced the signing of a Power Purchase Agreement (PPA) with Alcoa Norway ANS. Alcoa will purchase all electricity generated by the new 330 MW Øyfjellet wind farm in Norway, which is scheduled to be commissioned in 2021.
Statkraft and Södra have announced that they are going to build a biofuel plant in Norway, through their joint venture Silva Green Fuel AS (Statkraft 51%, Södra 49%). The plant will produce advanced (second generation) biofuel from forest feedstock.
Nord-Tronderlag Elektrisitetsverk Holding (NTE) has obtained a 15-year NOK 340 million (US$42.6 million) loan from the Nordic Investment Bank (NIB) to co-finance three hydropower projects in Norway.
Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021.
Falck Renewables S.p.A. announced today that it has entered into an agreement with Svelgen Kraft Holding AS, a Norwegian power generation company, to acquire a majority participation into Vestavind Kraft AS, a company holding two wind power consented projects in Norway – Hennøy and Okla with capacity of approximately 70MW.
The European Investment Bank (EIB) has signed a €300 million (US$338 million) loan agreement with Norwegian transmission system operator (TSO) Statnett for the completion of the NordLink Subsea Interconnector project between Germany and Norway.
LUXCARA, the German renewable energy asset manager, has acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW.
Fortum and the City of Oslo have entered into an agreement to restructure their ownership in Hafslund ASA, one of the largest listed power groups in the Nordic region.
LUXCARA, an asset manager for renewable energy investments in Europe, has reached Financial Close for the Egersund wind farm.
Scatec Solar ASA has raised approximately NOK380 million (US$45 million) in gross proceeds through a private placement consisting of 9,380,000 new shares at a price of NOK40.50 (US$4.79) per share.
St1 Nordic Oy’s Norwegian subsidiary, St1 Norge AS, has signed a contract with a consortium consisting of Vindkraft Nord AS and Ny Energi AS to establish a company aiming to develop two wind park projects in northern Norway.
Infranode has announced the closing of its second investment round. The Infranode I investment platform raises SEK1.9 billion (US$213 million) dedicated to essential infrastructure investments in the Nordics.
Fortum has signed an agreement to acquire three wind power projects from the Norwegian company Nordkraft.
Jannicke Nilsson has been appointed executive vice president and chief operating officer (COO) in Statoil.
Scatec Solar and Norfund has signed a Power Purchase Agreement securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM).
Jakob Stausholm has informed that he will resign from his position as member of the board of directors in Statoil ASA in order to avoid potential conflicts of interests following his new appointment as CFO of the Maersk group.
Luxcara GmbH, the German asset manager, has closed the acquisiton of the 112.2 MW Egersund wind project in southern Norway from developer Norsk Vind Energi AS.
Stadtwerke Muenchen (SWM), German municipality utility, has acquired a 60% stake in the 112 MW Raskiftet wind project in Norway.