Wind Energy – Sale of Shares
Njordr AS, a leading developer of renewable power in the Nordic region, together with the Swedish developer Vindkraft Värmland, have sold 100% of the shares in Njordr Offshore Wind AB (NOW) to Statkraft.
NOW holds a pre-permit portfolio of nine offshore wind projects on the Swedish east coast with a potential for up to 21 GW of installed capacity.
As part of the transaction, Statkraft has committed to fully fund the maturation of the portfolio the coming two years, in addition to an undisclosed initial cash consideration to the NOW partners.
The partnership will further receive pre-defined capacity-linked milestone payments as projects reach permitting, grid connection and final investment decision (FID).
Njordr develops wind and solar power projects to provide clean energy at scale to new green industries that contribute to the ongoing transition to a sustainable future. The Company held approximately 58% of the shares in NOW prior to the transaction, Vindkraft Värmland AB held 37%, and Kovall AB and Ribera AB owning the remaining shares.
The NOW organisation will be integrated with Statkraft and continue to develop the project portfolio towards production.
Following the transaction, Njordr will focus on developing its portfolio of land-based wind and solar projects in Norway, Sweden and Finland.
