Magnora solar company markets two Swedish projects

• Norwegian IPP Solgrid has actually gotten the 32MWp PV sites for a concealed sum

Magnora's portfolio business Helios has actually unloaded two Sweden-based solar parks to Norwegian IPP Solgrid - a firm had by Norwegian utility companies Akershus Energi, Østfold Energi and others.

Both ready-to-build PV plants with a combined capacity of 32 MWp and also were cost an unrevealed sum.

Both projects lie in SE3, Sweden, as well as have been consented by the County Administrative Board as well as are expected to have grid connection agreements ready within six months.

Following their arranged completion in 2023/24, the two parks might result in evasion of approx. 150 tonnes of co2 emissions yearly.

The created electricity will certainly fulfill the annual electricity requirements of about 4,000 Swedish households.

Helios president Andreas Tunbjer said: "We more than happy to make this take care of Solgrid, which is a business with wonderful ambitions for the Nordic Market.

" Solgrid as an IPP is a good match for Helios as a project programmer."

Helios board participant Peter Nygren added: "This transaction comes among a huge push from the European Commission with its campaign RePowerEurope with objectives of 30GW by the end of 2022 as well as 1TW of solar capacity within 2030.

" We are certain that the EU's objective of becoming independent of Russian oil and also gas is essentially favorable for Helios as a firm and also the solar market at large."

Magnora chief executive Erik Sneve said: "As we have actually communicated previously, Helios' substantial pipe of projects meets extensive rate of interest from investors.

" In less than six months Helios has effectively closed deals completing 146 MWp to quality capitalists such as OX2, Commerz Real and now Solgrid.

" Helios' substantial bank of projects is anticipated to result in numerous purchases in the coming years. We are exceptionally pleased with the advancement of the firm."

Helios is a Swedish designer of solar as well as battery storage space projects and also have actually protected land for over 37 projects in Sweden and just recently Lithuania as well as Latvia.

Helios' pipe is presently above 1.62 GW.