30.11.2023 13:00:54 CET | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state
Today, Solgrid received the second and final part of a portfolio acquired from
Helios Nordic Energy (Helios) in May 2022. This ready-to-build solar pv project
is located in Örebro County, Sweden. Helios has secured all necessary permits
and a grid connection agreement with EON. The expected installed capacity of
this solar park when completed will be approximately 19 MWp. This hand over
allows Helios to recognize all sales revenue from the transaction.
In the past year, Helios has concluded six portfolio transactions with reputable
investors. These deals involve 24 large scale PV solar plants, each to be
delivered in the next few years. As of November 2023, Helios has handed over
five ready-to-build projects to customers. These projects have a combined
capacity of some 170 MWp and an output sufficient for approximately 85 000
Swedish households.
In October 2023, Helios completed construction of a solar PV project in
Västerås. This 22MWp project, the largest in Sweden to date, was developed by
Helios and is owned by Commerz Real.
Helios Nordic Energy AB is the leading solar pv developer in the Nordics. As of
November 2023, Helios's project pipeline exceeds 9 GW including Helios's net
share of projects in Finland and Sweden.
I´m incredibly proud over our team in Helios to deliver our second project to
Solgrid within the expected timeline. This also marks the fifth project handed
over during 2023 and is a true testament to Helios's ambition to become one of
the leading pv companies in the Nordics, says Andreas Tunbjer CEO of Helios
Nordic Energy.
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 Helios Nordic Energy AB, Kustvind AB, Magnora
Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, and Magnora
South Africa. 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/17847805/2788/3895/Download%20announcement
%20as%20PDF.pdf