Norfund will own about 40 per cent stake in the company after the transaction. Avendus Capital was the advisor to Norfund for the transaction. Norwegian fund Norfund is likely to invest $125 million (about Rs 930 crore) in solar solutions firm Fourth Partner Energy. Norfund will own about 40 per cent stake in the company […]
Norwegian Company to Build R13.5 Billion Solar-Battery Projects in South Africa
Norwegian renewable energy company Scatec has been awarded preferred bidder status on three projects as part of South Africa’s Risk Mitigation Power Procurement Programme (RMIPPP). Scatec said that that deal will see 540 MW solar and 225 MW/1,140 MWh battery storage built in the Northern Cape. The projects awarded to Scatec are the only projects […]
Vitol buys 10 per cent stake in Norwegian green hydrogen firm
Gen2 Energy is currently building its first plant in the north of the country, which is due to start up in December 2023. LONDON: Energy trader Vitol has bought a 10% stake in green hydrogen firm Gen2 Energy that uses Norway’s surplus hydroelectric power to produce the fuel, the company said on Monday. Gen2 Energy […]
Norwegian utility Statkraft makes $151 million swoop on Solarcentury
LONDON/OSLO: Norwegian utility Statkraft has agreed to buy British solar power developer Solarcentury in a deal worth 117.7 million pounds ($151.34 million) that would boost its renewable energy output. Statkraft is taking full control of Solarcentury, allowing its investors to cash out. The state-owned utility is Norway’s largest hydropower producer but also has a target […]
Norwegian Diplomat Highlights India’s ‘global First’ As It Leads Way In ‘solar Revolution’
Norwegian diplomat Erik Solheim has highlighted that India is the first and only country to have a fully solar powered airport & railway station in the country. Norwegian diplomat and former politician Erik Solheim has shared a post from his Twitter handle that said India is the first and only country to have a fully solar-powered […]
Norwegian tech for Korea’s gigantic floating solar complex
Floating PV professional Ocean Sun as well as South Korean energy business EN Technologies have authorized an agreement to establish the pilot projects of the 2.1 GW floating solar site intended near the Saemangeum tidal flat, on the coast of the Yellow Sea. Norwegian floating PV expert Ocean Sun as well as South Korean technology […]
