| Work Detail |
Transaction includes 22 early-stage renewable energy projects in Sweden and Finland totalling 1.9GW Renewable Power Capital (RPC) has acquired Njordr’s wind and solar development business in Sweden and Finland. The transaction includes 22 early-stage onshore wind and solar power projects with a potential for up to 1.9GW of total installed capacity. RPC head of development Cordelia Forth said: “The Nordics have been a priority market for RPC since our inception. “As such, we are thrilled to be gaining the expertise of Njordr as we continue to develop vital infrastructure in the region.” RPC senior vice-president for Development Nordics Per Meijer said: “It has been excellent working alongside Njordr on this exciting acquisition and I am confident that the addition of their team – and track record of project origination and delivery – will only strengthen RPC’s position in a market with impressive commitments to the energy transition.” Njordr is the Nordic renewable power subsidiary of Vanir Green Industries (VGI). VGI managing partner and Njordr director Anders Hærland, said: “Vanir Green Industries and Njordr have had a clear strategy of taking early positions within renewable power in the Nordic region to support energy transition and the creation of new green industries. “The divestment to RPC is the third transaction in less than two years where we realise value from our project pipelines and a further validation of the work done by the Njordr team in cooperation with local stakeholders.” Njordr chief executive Niclas Erkenstål said the company had progressed a “highly attractive portfolio” of renewable power projects in Sweden and Finland. He added: “Now, strengthened by the capabilities and experience within RPC, we are enthusiastic about together meeting the rapidly growing demand for renewable energy throughout Sweden and Finland.” |
