The acquired portfolio consists of operational assets and assets under construction, spread over the price areas NO2-NO5. After the commercial operations date, the assets will contribute 158 GWh per annum to Locus Energy’s existing hydro power portfolio, now amounting to approximately 410 GWh per annum in total. This strategic acquisition supports Locus Energy’s pan-nordic IPP of wind, hydro and BESS portfolios in Norway, Sweden and Finland.
“We are very pleased with the outcome of this transaction and the professional, constructive process with Locus Energy” said Rein Husebø, Managing Director of Forte Vannkraft. “They bring both deep market insight and a long-term commitment to value creation, which made them an ideal buyer for these assets.”
The integration of this hydropower portfolio not only grows Locus Energy’s renewable energy footprint but also significantly increases asset density in Norway.
“The addition of reliable hydropower generation reinforces Locus Energy’s long-term strategy with a solid cash flow profile” added Richard Gavel, Portfolio Manager at SEB Nordic Energy. “By expanding strategically within the Nordics and leveraging synergies across technologies and geographies, the company is building a scalable, resilient platform with long-term value potential. We are excited to support the next growth phase.”
This hydro power portfolio complements Locus Energy’s existing hydropower, wind power and BESS assets. By diversifying renewable asset classes within the same price areas Locus Energy can optimise market participation, manage intermittency, and generate a ‘system premium’ that goes beyond standalone asset performance. Furthermore, the company have identified multiple possibilities in current markets allowing a continued growth during 2025.
SEB Nordic Energy is focusing on direct investments in renewable energy infrastructure assets in the Nordic region. Investments are being made in small-scale hydropower, wind power, solar energy, battery storage and energy efficiency solutions, both through new construction and through upgrading of existing facilities to increase efficiency and energy production. The fund is open to professional investors with an investment horizon of more than 15 years and is a so-called Article 9 fund with sustainable investments as its objective.
Locus Energy a portfolio company of the Article 9 fund SEB Nordic Energy is a long-term active owner and developer of small-scale sustainable infrastructure for energy production in the Nordic region. The portfolio compromises of hydro, wind, solar and battery storage and the company invests in assets for sustainable local energy production that can be upgraded with new technology to accelerate development. The company is a partnership between SEB Asset Management and Locus Infra, with direct investments financed through capital from the Article 9 fund SEB Nordic Energy.
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