Gulf Oil and Gas accountACCOUNT

Magnora Signs Letter of Intent to Invest in UK Wind Development Project

Source: www.gulfoilandgas.com 5/19/2020, Location: Europe

Magnora, a leading Norwegian renewable energy investment company releases its fourth investment update – a letter of intent to invest in a UK onshore wind development project company with potential of 50 MW.

Magnora makes another investment in a wind development project through a cooperation with a project development company in Scandinavia. The project is onshore and in the UK. The project development company has an experienced team within the wind development segment. The initial phase of the cooperation is a feasibility study to identify all activities necessary for the licensing process. The feasibility study will continue until August 2020. Magnora has the option to acquire a majority share of the project company through a detailed milestone plan.

Magnora’s Head of Business Development Theis Hanang Pedersen said:

'Magnora gains access to a development project that fits well within the Magnora strategy both due to size and geographic location'.

Magnora’s Investment Director Haakon Alfstad said:

'This is an exciting project close to infrastructure, and with good wind conditions. “ We are looking forward to this cooperation which starts immediately. Magnora continues to invest in teams and projects that increase our ability to build a diversified asset light green investment portfolio.'

Wind Energy News in United Kingdom >>

United States >>  7/2/2020 - Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading investor in climate change solutions, announced a newly-formed partnership with a...
United States >>  7/1/2020 - American Electric Power's AEP Energy subsidiary has signed a long-term power purchase agreement with an affiliate of Copenhagen Infrastructure Partner...

Scotland >>  6/30/2020 - Survivex is launching GWO wind training in Aberdeen to service Scotland’s fast-growing wind industry and support the oil and gas sector’s energy trans...
United Kingdom >>  6/30/2020 - The Secretary of State for Business, Energy, and Industrial Strategy awarded development consent for Vattenfall's application to build Norfolk Vanguar...

Germany >>  6/29/2020 - European Energy has signed the divestment of Viertkamp, which consists of four 3.6 MW Vestas V126 turbines in Northern Germany. With a total capacity ...
United States >>  6/29/2020 - The Rutgers University Center for Ocean Observing Leadership (RUCOOL) and the Rutgers University Marine Field Station (RUMFS) have collaborated with A...




United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.