Swedish designer improves solar portfolio to 1GW

• Helios Nordic Energy has sights on increasing growth pipe to 2GW by the end of 2022

Swedish solar programmer Helios Nordic Energy has added 10 projects completing 500MW to its portfolio, which currently totals 1GW.

In February 2021, Oslo-listed Magnora invested in the company to quicken development of projects and has 25% of the shares in Helios.

Since today, Helios has reached a development portfolio comparable to 1GW, 6 months earlier than projected when Magnora made its investment.

"Our progress shows that Helios has a reliable organization advancement group and approach and also is an appealing companion to landowners.

"The company's following target is to enhance the development portfolio to 2GW by the end of 2022 in well matched areas," said Helios president Andreas Tunbjer (pictured).

Helios is now likewise preparing to welcome suitable investors for parts of its portfolio in the southerly part of Sweden where a number of projects will quickly reach ready-to-build status.

"The Nordic utility range solar PV is drawing in a growing rate of interest from purchasers throughout Europe, sustained by modern technology growth as well as additional price reductions in the solar value chain.

"Helios has actually placed itself quite possibly in this context to turn into one of the leading gamers in the region," added Magnora exec vice head of state of operations, Peter Nygren.