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Energy Finance & Investment News in Norway

Facebook to purchase 300 MW wind power in Norway

Facebook to purchase 300 MW wind power in Norway

🕔May 24, 2018

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.

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Statoil becomes Equinor

Statoil becomes Equinor

🕔May 17, 2018

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”.

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Eolus secures PPA for 330 MW wind project in Norway

Eolus secures PPA for 330 MW wind project in Norway

🕔Mar 9, 2018

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.

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Statkraft and Södra to build advanced biofuel pilot plant in Norway

Statkraft and Södra to build advanced biofuel pilot plant in Norway

🕔Dec 19, 2017

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.

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NIB financing helps NTE develop three hydropower projects in Norway

NIB financing helps NTE develop three hydropower projects in Norway

🕔Nov 3, 2017

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.

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Scatec Solar places NOK-750m green bond

Scatec Solar places NOK-750m green bond

🕔Nov 2, 2017

Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021. 

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Falck aquires majority stake in 70 MW of Norwegian wind projects

Falck aquires majority stake in 70 MW of Norwegian wind projects

🕔Jul 20, 2017

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.

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EIB completes financing for 1.4-GW Nordlink Subsea Interconnector project

EIB completes financing for 1.4-GW Nordlink Subsea Interconnector project

🕔Jun 7, 2017

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.

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Luxcara expands its wind portfolio in Norway by 263 MW

Luxcara expands its wind portfolio in Norway by 263 MW

🕔May 25, 2017

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.

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Oslo to purchase Hafslund ASA for €730M

Oslo to purchase Hafslund ASA for €730M

🕔May 8, 2017

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.

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Luxcara reaches close on Norwegian wind

Luxcara reaches close on Norwegian wind

🕔Apr 3, 2017

LUXCARA, an asset manager for renewable energy investments in Europe, has reached Financial Close for the Egersund wind farm.

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Scatec Solar completes NOK 380M private placement

Scatec Solar completes NOK 380M private placement

🕔Mar 28, 2017

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

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Norwegian consortium to develop 900 MW portfolio

Norwegian consortium to develop 900 MW portfolio

🕔Mar 24, 2017

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.

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Infranode closes second investment round for infrastructure fund

Infranode closes second investment round for infrastructure fund

🕔Feb 20, 2017

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.

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Fortum to acquire three wind power projects, totalling approximately 170 MW, in Norway

Fortum to acquire three wind power projects, totalling approximately 170 MW, in Norway

🕔Nov 23, 2016

Fortum has signed an agreement to acquire three wind power projects from the Norwegian company Nordkraft.

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Statoil appoints executive vice president and chief operating officer

Statoil appoints executive vice president and chief operating officer

🕔Nov 9, 2016

Jannicke Nilsson has been appointed executive vice president and chief operating officer (COO) in Statoil.

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Scatec Solar signs PPA for Mozambique's first large scale solar plant

Scatec Solar signs PPA for Mozambique's first large scale solar plant

🕔Nov 2, 2016

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).

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Jakob Stausholm resigns as member of Statoil’s board of directors

Jakob Stausholm resigns as member of Statoil’s board of directors

🕔Oct 7, 2016

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.

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Luxcara buys 111.2 MW Egersund onshore wind project in Norway

Luxcara buys 111.2 MW Egersund onshore wind project in Norway

🕔Sep 28, 2016

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.

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German utility Stadtwerke Muenchen acquires 60% stake in 112 MW wind project in Norway

German utility Stadtwerke Muenchen acquires 60% stake in 112 MW wind project in Norway

🕔Aug 24, 2016

Stadtwerke Muenchen (SWM), German municipality utility, has acquired a 60% stake in the 112 MW Raskiftet wind project in Norway.

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