Renewable Power Capital (RPC), a pan-European renewables company, has acquired the Swedish and Finnish onshore wind and solar development business of Njordr AS, the Nordic renewable power subsidiary of Vanir Green Industries AS (VGI).
The transaction includes 22 early-stage onshore wind and solar power projects with a potential for up to 1.9 GW of total installed capacity. The acquisition enhances RPC’s full scope capabilities through the integration of Njordr’s experienced project developers within RPC to create a skilled team driving clean energy projects in the Nordics.
Cordelia Forth, Head of Development, Renewable Power Capital, commented: “The Nordics have been a priority market for RPC since our inception. As such, we are thrilled to be gaining the expertise of Njordr as we continue to develop vital infrastructure in the region.”
Per Meijer, SVP Development Nordics, Renewable Power Capital, added: “It has been excellent working alongside Njordr on this acquisition and this addition of their team – and track record of project origination and delivery – will only strengthen RPC’s position in a market with commitments to the energy transition.”
VGI Managing Partner and Njordr Director, Anders Hærland, responded: “Vanir Green Industries and Njordr have had a strategy of taking early positions within renewable power in the Nordic region to support energy transition and the creation of new green industries. The divestment to RPC is the third transaction in less than two years where we realise value from our project pipelines and a further validation of the work done by the Njordr team in co-operation with local stakeholders.”
Niclas Erkenstål, the CEO of Njordr, observed: “We have progressed an attractive portfolio of renewable power projects in Sweden and Finland. Now, strengthened by the capabilities and experience within RPC, we are enthusiastic about together meeting the rapidly growing demand for renewable energy throughout Sweden and Finland.”
Arctic Securities and Pareto Securities acted as Financial Advisors to Njordr AS in the transaction. Advokatfirmaet BAHR was Legal Adviser and Capient AS was Strategic Capital Markets and Communication Adviser to Njordr AS and VGI.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global’s Spring 2025 issue
The first issue of 2025 is here! The Spring issue of Energy Global starts with a guest comment by Tim Reid from UK Export Finance about expanding operations overseas before a regional report from Aurora Energy Research no the effect of negative electricity prices in Europe. Other interesting topics covered in the issue include electrical infrastructure, sit surveys & mapping, developments in solar, and much more. Featuring contributions from key industry leaders such as EM&I, DeterTech, and Global Underwater Hub, among others, don’t miss the valuable insights available in the Spring 2025 issue.
Read the article online at: https://www.energyglobal.com/solar/28032025/renewable-power-capital-acquires-onshore-wind-and-solar-development-business/
#Renewable #Power #Capital #acquires #onshore #wind #solar #development #business