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    Two solar projects in Sweden have been sold by Magnora

    Helios, a Magnora portfolio company, has sold two solar parks in Sweden to Norwegian IPP Solgrid, which is controlled by Norwegian utility companies Akershus Energi, stfold Energi, and others.


    For an undisclosed fee, two ready-to-build PV plants with a total capacity of 32 MWp were sold.


    Both projects are in SE3, Sweden, and have received approval from the County Administrative Board. Grid connection agreements are scheduled to be ready in six months.


    The two parks, which are expected to be completed in 2023/24, could prevent approximately 150 tonnes of carbon dioxide emissions per year.


    The electricity generated will cover the annual electricity needs of approximately 4,000 Swedish families.


    Andreas Tunbjer, Helios chief executive, said “We are happy to make this deal with Solgrid, which is a company with great ambitions for the Nordic Market.”


    “Solgrid as an IPP is a good match for Helios as a project developer.”


    Peter Nygren, Helios board member, added: “This transaction comes amidst a massive push from the European Commission through its initiative RePowerEurope with goals of 30GW by the end of 2022 and 1TW of solar capacity within 2030.


    “We are certain that the EU’s goal of becoming independent of Russian oil and gas is fundamentally positive for Helios as a company and the solar industry at large.”


    Erik Sneve, Magnora chief executive, said: “As we have communicated previously, Helios’ substantial pipeline of projects meets extensive interest from investors.


    “In less than six months Helios has successfully closed deals totaling 146 MWp to quality investors such as OX2, Commerz Real and now Solgrid.


    “Helios’ substantial bank of projects is expected to lead to multiple transactions in the coming years. We are extremely pleased with the development of the company.”


    Helios is a Swedish solar and battery storage project developer that has secured land for over 37 projects throughout Sweden, as well as Lithuania and Latvia recently.

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