MAGNORA ASA (MGN.OL)

[TekBot]

Magnora ASA: Accelerates growth into South Africa with a project portfolio pipeline of net 1 GW potential solar PV and onshore wind

22 February 2021 – Renewable energy development company Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. In addition, Vindr group is merging with an onshore wind and solar PV project developer in the South African market. In connection with this, Magnora increases its ownership in Vindr group to 50 %. The transactions gives Magnora over 1 GW net potential of renewable energy projects in the South African market. After this transaction, the Vindr group will have a strong presence in Norway, Sweden, and South Africa.

“We believe these two investments have an excellent value-creating potential for our shareholders, and are delighted to land them both,” says Torstein Sanness, executive chairman of Magnora.
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Enters South Africa through project portfolio acquisition

Magnora acquires 100 percent of the shares in a special purpose company, which holds a portfolio of potentially 775 MW renewable projects in South Africa.

“South African authorities are highly dedicated to the development of renewable energy. Last year it was decided to deregulate the electricity market in South Africa, which has led to several positive developments that eases off-take from renewable energy plants. The political and regulatory framework is stable, and the wind and solar conditions are excellent. We look forward to further developing these attractive prospects,” adds Torstein Sanness. Magnora management and Board has long experience from South Africa and a local network of people who knows the market well.

Increasing ownership in Vindr

Vindr group is now a renewable project development company focusing on greenfield project development. Magnora acquired a 25 percent ownership share in Vindr in March last year, including an option to acquire a further 25 percent of the company.

Vindr has made the decision to merge with a wind and solar PV project developer in the South African market. The project developer has close to 2,000 MW onshore wind and solar PV under development on its own behalf and clients. Subsequent to the merger, Magnora will exercise its option to increase its ownership to 50 percent in the parent company of the merged group, Vindr group.

“The Vindr team has over the past year developed an impressive portfolio of wind power project opportunities in Norway and Sweden and will continue to focus on these markets in the years to come. We are delighted to increase our ownership to 50 percent in the company” says Peter Nygren EVP Operations in Magnora.

“With the financial and operational backing from Magnora, Vindr group’s intention is to develop the pipeline of projects in South Africa to ready-to-bid/build, and also continue to add in new projects to its portfolio. The team merged in from South Africa is highly experienced and understand what it takes to succeed with African greenfield renewables projects,” concludes CEO of Magnora Erik Sneve.

ENDS

For further information, please contact:

Torstein Sanness, Executive Chairman, sanness at sf-nett.no
Erik Sneve, CEO, Magnora ASA, es at magnoraasa.com

About Magnora

Magnora ASA (OSE: MGN) is a profitable renewable energy development company looking for green investment opportunities. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Syriax]

Det er heilt fantastisk å sjå korleis styre og ledelse bygger stein for stein her!

Sneve har allerede meldt om god news flow frem mot sommeren, men har kan man sikkert forvente ei positiv børsmelding pr måned fremover!

Meglerhusa skal nok oppgradere nok en gang!

[mrz]

Noen som forstår årsaken til dagens fall? Noen store aktører ute av aksjonærlisten eller følger den bare en fallende trend?

[rayman]

Det meste inne grønt faller

[Syriax]

Vil tro mange solgte i litt panikk i går.

Topp 50 har i hovedsak økt porteføljen siste par ukene.

Selskapet har fått en ekstremt spennende portefølje, med solteknologi, solceller, on/offshorevind + våre lisensinntekter og med ett styre/ledelsen som både veit kva som må til for å bygge ett selskap og sitter på den rette kompetansen innen fornybart så har man gode utsikter.

Bare vent til Fearnley kommer med nytt oppjustert kursmål, da potensielt rundt 60kr (ryktes å være 20-25,- pr aksje for Sør Afrika meldingen).

[Syriax]

Fearnley Securities kom i dag med den forventede oppjustering en av kursmålet sitt etter Sør Afrika-meldingen.

Kursmål oppjusteres fra 40 kr til 55 kr.

[Syriax]

[Syriax]

Clarksons «skjuler» gigantverdi i Magnora

[rayman]

Mener normalverdi egentlig kan være 8,4 milliarder, for noe tøv… De hadde ikke fått kjøpe andel i selskapet til den prisen de gjorde om det var fakta.

[Syriax]

Dette er potensielt ved 8% WACC. Dette blir jo litt drømmer og fram i tid, men Evolar kan bli (som flere meglerhus og no har begynt å skrive) ei gullgruve for Magnora om en skulle lykkes.

Rapporten kan du lese over (den eg la ut her Fredag)

[rayman]

Joda, men hallo da. Disse meglerhusene tar jo helt av, er greit de vil være tilretteleggere ved emisjoner men alt har vel en grense.

[Syriax]

Framtida får vise, dette er langt frem, men det er heftige verdier, er ikkje uenig i det. Men solar vil sannsynligvis vokse enormt neste +10 åra så med den stagnerende teknologien som har vært med konvensjonelle paneler så er det åpning i markedet for perovskite, så spørs det bare hvem som lykkes og kor godt en lykkes. Eg har trua

[TekBot]

Flaggemelding Magnora ASA

Bekkestua Eiendom AS har idag kjøpt 250,765 aksjer i Magnora ASA. Bekkestua Eiendom AS og Andenergy AS er 100 % eid av Kristoffer Andenæs. Selskapene eier nå samlet 3,100,000 aksjer og eier 5,4 % av Magnora ASA.
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Kilde

[Syriax]

Da nærmer vi oss ny børs uke, og ny uke der vi kanskje får vite sammerbeidspartner i Magnora Floating Wind.
Vi veit det er ein stor partner, men navnet er meget spennende, men kanskje det mest spennende er å høyre om planene videre om selskapet som feks:

• Eierfordelingen
• Planer utenom Skottland/Norge
• Skal man eie/drifte parkene
• Framtidig spin-off?

Årsrapporten kommer 16 mars også.

[TekBot]

Magnora enters into partnership with TechnipFMC to develop floating offshore wind projects

18 March 2021 — Magnora ASA (Magnora) and TechnipFMC have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.

Reference is made to Magnora’s stock exchange announcement dated 29 January 2021 regarding entering into an agreement with an undisclosed global offshore energy technology and service company to establish a joint floating wind company. The cooperation partner is TechnipFMC.
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TechnipFMC is a leading technology provider to the traditional and new energies industries; delivering fully integrated projects, products, and services. Organised in two business segments — Subsea and Surface Technologies – TechnipFMC employs approximately 20,000 people worldwide.

Magnora holds a strategic position within the renewable energy sector as an owner in offshore wind, onshore wind, and solar PV development projects and is a key enabler in solar energy technologies.

When combined with TechnipFMC’s unique technologies, experience delivering integrated EPCI (iEPCI™) projects and novel Deep Purple™ initiative to integrate wind and wave energy with offshore green hydrogen storage, this partnership will enable Magnora Offshore Wind to realise significant opportunities in the growing offshore floating wind market.

Magnora Offshore Wind has already commenced operations and started work on an application for the first round of seabed leasing through the Scottish government’s ScotWind Leasing program. In addition, Magnora Offshore Wind will participate in the first offshore wind application round in Norway, which opens in 2021, and will also consider entering new markets in the coming months.

Jonathan Landes, President Subsea at TechnipFMC, commented: “Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects. This partnership reflects TechnipFMC’s ambition to capture a significant position in the renewable offshore energy market. We are delighted to support Magnora Offshore Wind by providing our expertise and know-how in bringing innovative offshore energy solutions to the market.”

Torstein Sanness, executive chairman of Magnora, says: “In Magnora you find some of the world’s leading experts within wind development. Coupled with TechnipFMC’s project management competence and extensive service and technology portfolio, we believe we can provide a market-leading floating offshore wind offering. TechnipFMC’s ‘Deep Purple’ initiative, which utilises offshore wind to produce hydrogen for offshore assets, is another exciting avenue we will be jointly looking to explore.”

ENDS

For further information, please contact:
Erik Sneve, CEO of Magnora ASA, e-mail: es at magnoraasa.com
Torstein Sanness, Executive Chairman Magnora ASA, e-mail: sanness at sf-nett.no

About Magnora ASA
Magnora ASA (OSE: MGN) is a renewable energy development company looking for profitable green investment opportunities. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.

Kilde

[Metallian]

Meget gode nyheter, Technip er en sterk stor partner😃

[strongbuy]

Ser nær 80 prosents oppside i havvindaksje

[TekBot]

MGN: Flaggemelding Magnora ASA

Kistefos AS har i dag, den 19.03.21, solgt 5 500 000 aksjer i Magnora (Selskapet) og eier etter salget 5 557 431 aksjer i selskapet, tilsvarende en eierandel på 9,74 %.
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Kilde

[JaJahub]

Veldig interessant. Ser at det ennå ikke er registrert på omsetningen. Må nesten være en enkelt kjøper, som bør børsmeldes i løpet av dagen.

[TekBot]

Magnora ASA: Mandatory notification of trade

A company directly controlled by the Magnora ASA CEO, Erik Sneve, has settled a forward agreement underlying 480,700 shares in Magnora ASA (“Magnora”) and subsequently entered into a new forward agreement underlying the same number of shares 480,700. New expiry date is June 19th, 2021 and new forward price is NOK 29.7683.

Mr. Sneve’s affiliated ownership through close family and other accounts is 667,319 shares equal to 1.17 percent of the issued shares and votes in the company, and Mr. Sneve’s company does not hold other shares or rights to shares in Magnora.
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Mr. Sneve also holds 450,000 share options in Magnora ASA.

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For further information, please contact:
Torstein Sanness, working chairman, sanness@sf-nett.no
Erik Sneve, CEO, Magnora ASA, es@magnoraasa.com

About Magnora
Magnora ASA (OSE: MGN) is a renewable energy development company looking for profitable green investment opportunities. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde