Vis børsmeldingen
Magnora’s portfolio company Helios AB signs a landmark deal with Commerz Real
providing a turn-key delivery of the two largest utility scale solar PV parks in
Sweden to date.
Helios Nordic Energy AB (“Helios”), which is owned 40% by Magnora, has developed
two PV plants with a combined capacity of 69 MWp that have been purchased by a
leading German renewable fund managed by Commerz Real. Helios will deliver the
project rights, construction management and supply the commercial and technical
management services for the development. In addition, Helios has managed the
Engineering Procurement and Construction (EPC) process and handled the grid
connection agreement.
The first plant will have an installed capacity of approximately 21 MWp and is
located in Västerås municipality. The plant’s output can cover the yearly
consumption of around 8 750 electric cars.
The second park is located in Tierp municipality and will start construction
later this year, subject to landing final building permits. The installed
capacity of the Tierp project will be approximately 48 MWp equal to the yearly
consumption of around 20 000 electric cars. The closing for the Tierp park is to
take place in the autumn of 2022 once all the closing conditions have been
fulfilled. This transaction represents one of the biggest transactions to date
on the Swedish solar energy market
“The projects are the first of their kind in Sweden and are being built
completely without subsidies and on market conditions, to the great benefit for
Swedish electricity consumers and not least for the climate”, says Peter Nygren,
board member of Helios.
We are certain that this deal will unlock the market for large scale PV in
Sweden, proving that we have already reached grid parity at these latitudes and
thus making solar PV an excellent addition to the Swedish energy mix," says
Andreas Tunbjer, CEO of Helios.
Tunbjer adds that solar PV has already reached over 1 TWh/annual production and
expect the market to grow exponentially over the coming years.
“We have already built a large pipeline of projects and the interest from
investors is extensive and growing. We expect this deal to become a blueprint
for multiple projects to come over the next decade from Helios Nordic Energy
AB,” says Erik Sneve, CEO of Magnora ASA.
Helios is a Swedish developer of solar and battery storage projects and have
secured land for over 30 projects in Sweden and recently Lithuania and Latvia.
Helios pipeline is currently above 1.5 GW.
Commerz Real is the manager for real asset investments of German Commerzbank AG
with 50 years of market experience and approximately 35 billion euros in assets
under management. The company has already been investing in solar energy since
2005 and in wind energy plants since 2016. At present it manages more than 50
solar power stations and over 30 onshore and offshore wind farms with a total
installed capacity of more than 1.4 gigawatts.
The parties have agreed to not disclose the financial details of the
transactions.
EY has acted as financial advisor to the seller. Setterwalls has acted as legal
advisor to the seller and Solkompaniet has been selected as EPC contractor.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
- Erik Sneve, CEO, email: es at magnoraasa.com
- Torstein Sanness, Executive chairman, email: sanness at sf-nett.no
ABOUT MAGNORA ASA
Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested in
renewable energy development projects and companies. Magnora’s portfolio of
renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB,
Magnora Offshore Wind AS, Magnora South Africa, and AGV. The company is listed
on the main list on Oslo Stock Exchange under the ticker MGN.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/1404/1905/Download%20announcement
%20as%20PDF.pdf
Kilde
