Magnora ASA

Regulatory Filings • Apr 26, 2023

Magnora ASA: Helios Nordic Energy AB signs new deals with Nordic Solar (83MWp)

Magnora ASA: Helios Nordic Energy AB signs new deals with Nordic Solar (83MWp)

26.4.2023 12:12:50 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

26.04.2023 Magnora ASA (Magnora) is proud to announce that its portfolio company

Helios Nordic Energy AB ("Helios") is continuing its good cooperation with

Nordic Solar, a Danish solar energy company which develops, builds and operates

solar parks in 12 European countries.

On 26 April, Helios signed an agreement with Nordic Solar to deliver two more

solar parks. The new sales include a 43 MWp park in Örebro and a 40 MWp park in

Gotland. The two parks will have an output that corresponds to the annual

consumption of some 11,500 households and are expected to be operational in 2027

and 2028. With these additions, Nordic Energy has established six projects in

Sweden with an expected capacity of 267 MWp, all sourced from Helios.

"We notice how Helios has managed to build good relationships with leading

independent power producers (IPPs) and operators," says Erik Sneve, CEO of

Magnora ASA. "Helios is not only accelerating its origination capacity, but also

selling and handing over more and more de-risked projects to partners. The

competence and reliability of Helios is inspiring."

In February 2021, Magnora ASA invested in Helios. Magnora owns 40% of the shares

and is the company's largest investor. Helios is also a minority shareholder in

the Norwegian solar PV developer Hafslund Magnora Sol AS.

About Helios Nordic Energy AB

Helios Nordic Energy AB is one of Sweden's and the Nordic countries' leading

developers of solar energy with a project pipeline exceeding 5,5 GW. In the past

year, Helios has with this deal completed six transactions with recognised

investors. A total of 17 large solar projects will be delivered within the next

few years with an expected total capacity of approx. 700 MW and an estimated

investment value of approx. SEK 4 billion. To date, four projects, with a total

capacity of 150 MW, have been handed over to investors after reaching the RTB

phase (Ready To Build). www.heliosnordic.com - http://www.heliosnordic.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

* Torstein Sanness, Executive chairman, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested in

renewable energy development projects and companies. Magnora's portfolio of

renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB,

Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora

South Africa, and AGV. The company is listed on the main list on Oslo Stock

Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/2281/3115/Download%20announcement

%20as%20PDF.pdf