Norway Solar-Storage Portfolio Investment Exceeds €700 Million

en.Wedoany.com Reported - French asset management firm Eiffel Investment Group will acquire a 50% stake in a Norwegian solar-storage portfolio from Swedish developer Landinfra Energy and jointly advance its subsequent development. The Norwegian solar-storage portfolio totals approximately 1 GW, covering solar power generation and battery energy storage, with projects located in Norway's NO1 price zone.

The Norwegian solar-storage portfolio consists of four projects, planning to build 886 MW of solar photovoltaic power plants and configure 177 MW of integrated battery energy storage systems. Upon full completion, the total investment is expected to exceed €700 million, with an annual power generation of approximately 900 GWh. The projects are currently in the development phase, with the first batch expected to be ready for construction in 2028 after obtaining necessary permits.

Eiffel Investment Group and Landinfra Energy have previously collaborated on renewable energy projects in Sweden, and this cooperation extends their scope to the Norwegian market. The Norwegian solar-storage portfolio will combine solar power generation with battery energy storage configurations to increase renewable energy supply capacity for Norway's power system. With the advancement of the 1 GW solar-storage project, Norway will gain new project reserves in large-scale combined solar and energy storage development.

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