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As of 8 January, Magnora’s portfolio of development projects reached 10 GW
following the formal consent of a Finnish municipality to go forward with a
near-term data center project.
Not counting the above, Magnora’s net share of projects in a diversified
portfolio was 9.9 MW as of 31 December. Details are to be shared in Magnora’s
Annual and Q4 presentation on 25 February.
In the recent quarter, the majority of Magnora’s portfolio growth stems from
market segments with high demand and highly attractive developer margins. The
combined potential of Magnora’s BESS projects in Germany and Italy passed 1.5
GW. Another noteworthy development is the addition of data center projects in
the Nordics.
Elsewhere, Magnora continued to strengthen and diversify its portfolio, e.g.
broadening the scope of BESS projects in Italy towards the northern part of the
country and adding more wind projects to the South African portfolio.
“We are very pleased with the overall portfolio growth”, says Erik Sneve, CEO of
Magnora. “We would also emphasise the way we have managed to shift efforts
towards the fastest moving segments of the data center and renewables markets.”
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
ABOUT MAGNORA ASA
Magnora ASA (OSE: MGN) is a renewable-energy group developing data center, wind,
solar and battery projects. Magnora has operations in Europe and Africa through
the portfolio companies Magnora Data Center AS, Magnora Data Center AB,
Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS, Magnora
Germany, Magnora Italy Srl., Magnora Solar PV UK, Magnora South Africa, and AGV.
Magnora also has earn-out revenues related to the former portfolio companies
Helios Nordic Energy and Evolar. Magnora is listed on the main list of the Oslo
Stock Exchange under the ticker MGN.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18772986/6689/Download%20announce
ment%20as%20PDF.pdf
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