In June 2015, we acquired 100% of Nordic Power AS, a portfolio of 13 newly commissioned hydropower plants from Nordkraft, a Norwegian utility controlled by the Narvik Municipality. Since acquisition, we have added an additional two plants to the portfolio, taking the total projected annual output to 160 GWh.
- Attractive return and yield profile
- Core, power generation asset
- Proven technology, low operating risk and long asset lives
- Exclusive option over pipeline of new plants