en.Wedoany.com Reported - Eiffel has reached an agreement with Landinfra to acquire a 50% stake in a Norwegian project portfolio, with Landinfra retaining the remaining 50%. The portfolio comprises four projects located in Norway's NO1 price zone, with a planned total capacity of approximately 886 megawatts of solar power and 177 megawatts of co-located battery storage.

These projects are currently in the development phase, with the first projects expected to reach a construction-ready status by 2028, subject to obtaining all necessary permits. If fully developed and built, the portfolio is expected to represent an investment scale of over €700 million, delivering approximately 900 gigawatt-hours of renewable electricity annually to the Norwegian power system, thereby strengthening renewable generation capacity in the NO1 price zone.

This transaction is an extension of the partnership between Landinfra and Eiffel announced in April 2024, which originally covered the joint development of up to 1,800 megawatts of renewable energy projects in Sweden. By expanding the collaboration, both parties will further leverage and integrate Landinfra's project origination and development capabilities in the Nordic region, along with Eiffel's experience in financing and supporting renewable energy infrastructure across Europe.

Marcus Landelin, CEO and Co-Founder of Landinfra, expressed that he is pleased to extend the collaboration with Eiffel to Norway, incorporating a large-scale portfolio of solar and co-located battery storage projects. Eiffel is a leading European asset manager with extensive experience in development partnerships and infrastructure financing. Together, the two parties will bring the necessary capabilities, expertise, and financial strength to develop the much-needed new renewable electricity in the NO1 region.

Laurent Coubret, Investment Director and Fund Manager at Eiffel, added that Norway offers highly attractive opportunities for renewable energy development, and this portfolio is a strong complement to its expanding Nordic operations. Eiffel is delighted to deepen its partnership with Landinfra, which has proven to be an ideal partner in the Nordic region. Expanding the collaboration to Norway is a natural next step. This transaction reflects Eiffel's belief in the long-term value of utility-scale solar and battery storage in Europe, as well as its commitment to supporting the energy transition with capital and operational expertise.

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