Helios solar modules1/6/2024 ![]() ![]() OX2 develops and sells wind and solar farms. “Not only has Helios managed to reach an impressive portfolio ahead of schedule, but the company is now showing its capability to capitalise on its portfolio to generate value,” says Torstein Sanness, Executive Chairman in Magnora. In September 2021, Magnora increased its initial 25 percent ownership in Helios to 40 percent, after Helios grew its project portfolio to in excess of 1 GW six months ahead of plan. Helios develops large-scale solar farms in the Nordics and handles the complete development phase including permitting, pre-engineering, procurement, and financing. We believe that cooperation in parts of our portfolio combined with development of some projects entirely in-house is a good strategy going forward,” says Andreas Tunbjer, CEO of Helios. Helios’ primary role in this cooperation is to bring the projects to ready-to-build status. “We are truly excited about this deal, to work closely with the highly experienced OX2 team, and most importantly to add more renewable electricity to the grid. ![]() According to the agreement, Helios and OX2 will jointly develop the projects until necessary permits are obtained, then OX2 will be responsible for construction and operations. The projects, which Helios started developing in 2020, are located in bidding-area SE4, with a combined capacity of approximately 45 MW and operations expected to start in 2024. Magnora ASA’s (Magnora) portfolio company Helios Nordic Energy AB (Helios) has signed a cooperation agreement with OX2, a leading solar and wind farm developer in Europe, to develop two large-scale solar PV plants in Skåne, Sweden. 11:01:01 CET | Magnora ASA | Non-regulatory press releases ![]()
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