French development group Vinci Concessions, by way of its subsidiary SunMind, has introduced the acquisition of Swedish developer Helios Nordic Energy, additional strengthening its place within the renewable vitality sector.
Helios Nordic Energy, primarily based in Stockholm, specializes within the growth of enormous photo voltaic farms and vitality storage options, primarily in Northern Europe, together with Sweden, Finland, Norway, and the Baltic international locations. . The firm manages tasks from inception to readiness for development (RTB).
Vinci revealed that the acquisition contains the acquisition of 100% of Helios’ capital for 73 million euros, with further revenue sharing over the subsequent 5 years. Previously, Helios was 40% owned by Magnora ASA, a Norwegian funding fund, along with the administration crew and minority traders.
Andreas Tunbjer, CEO of Helios, expressed enthusiasm for the transaction, citing Vinci’s help as a means to enhance capabilities and speed up actions. The deal is predicted to be accomplished in June.
In Sweden, Vinci Concessions is already creating a 100 MWp photovoltaic challenge at Skavsta Airport within the capital, which was beforehand below the administration of Vinci Airports. The acquisition of Helios additional strengthens Vinci’s foothold in Sweden and Scandinavia, areas thought-about to have nice photo voltaic vitality potential.
SunMind emphasizes that the distinction in photo voltaic irradiation between the least favorable web site in France and essentially the most favorable web site in Sweden is small, with a possible for prime yields of round 1000 kWh/kWp. In addition, the Swedish market is witnessing development, particularly within the small residential photo voltaic and Commercial and Industrial (C&I) sectors, pushed by Corporate Power Purchase Agreements (CPPA). SunMind tasks that Solar Corporate PPAs may exceed 5 GWp by 2025.
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