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Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures.

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115 views Oslo Bors Newsfeed 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...

The capital was raised through a private placement which was multiple times oversubscribed, Magnora said. The developer has also appointed former Arise Windpower CEO Peter Nygren as executive vice president of operations. Magnora CEO Erik Sneve said: “Magnora has made numerous exciting renewable investments in the past 18 months. “The funds from this private placement will be utilised to create even greater value for Magnora’s shareholders through our current company and project portfolio...

Magnora has entered into an agreement to acquire a 25% ownership stake in a share issue in Swedish solar developer Helios. Despite being a relatively new company, Helios has already developed a project portfolio that currently consists of 11 projects with a total of approximately 300MW installed capacity. Magnora has the option to acquire a further 15% ownership share of Helios, under the agreement’s terms. The share purchase option may be exercised by Magnora from the completion of the first...

Magnora makes a strategic entry into the Nordic solar PV market 02 Feb 2021 Oslo-listed renewable energy development company Magnora has entered into an agreement to acquire a 25 percent ownership share in a share issue in Helios Nordic Energy, a Magnora has the option to acquire a further 15 percent ownership share of Helios. Through a highly experienced team of renewable energy project experts, Helios manages all the steps in the development process including site selection, environmental ...