Basking in the sun: nine solar policy essentials
Learn moreInstitutional Investments
Downing expands Nordic investments with £3.2m hydro power deal
18/4/23
5 min
Renewable energy
News
Investment manager Downing LLP is strengthening its sustainable investing focus with the c.£3 million acquisition of Norwegian hydropower plant Kvævebekken Kraftverk AS (“Kvævebekken”) with an annual average production c.5 GWh.
The acquisition from Fossberg Kraft AS of 100% of the shares in Kvævebekken Kraftverk AS, which is located in the Sirdal region of South Norway, was made through the renewable energy and infrastructure arm of the Downing Estate Planning Service (DEPS).
The deal is the second this year in the hydropower sector made by DEPS. It follows the acquisition of Lauvstad Kraftverk AS (“Lauvstad") in January.
Following the acquisitions of Kvævebekken and Lauvstad, the renewable energy and infrastructure arm of DEPS now owns seven hydropower plants in the southern part of Norway with a forecast aggregate annual average generation of c.41 GWh.
Henrik Dahlström, Investment Director at Downing, said: “The Kvævebekken hydropower plant acquisition is another excellent opportunity which enables us to further expand our investment allocations in hydropower and the Nordic region.
“Financing newbuild hydropower in the Nordic region is an important part of our strategy as we look to continuously diversify our portfolio by both geography and technology. We look forward to continuing our excellent relationship with Fossberg Kraft AS to further expand our Norwegian hydropower portfolio.
“As a certified B Corp, we are committed to responsible investing and delivering on the strategy. We look forward to adding further attractive projects to our portfolio in due course.”
Find out more about Downing's Energy & Infrastructure team
Share
Contents
See full contents
Investment manager Downing LLP is strengthening its sustainable investing focus with the c.£3 million acquisition of Norwegian hydropower plant Kvævebekken Kraftverk AS (“Kvævebekken”) with an annual average production c.5 GWh.
The acquisition from Fossberg Kraft AS of 100% of the shares in Kvævebekken Kraftverk AS, which is located in the Sirdal region of South Norway, was made through the renewable energy and infrastructure arm of the Downing Estate Planning Service (DEPS).
The deal is the second this year in the hydropower sector made by DEPS. It follows the acquisition of Lauvstad Kraftverk AS (“Lauvstad") in January.
Following the acquisitions of Kvævebekken and Lauvstad, the renewable energy and infrastructure arm of DEPS now owns seven hydropower plants in the southern part of Norway with a forecast aggregate annual average generation of c.41 GWh.
Henrik Dahlström, Investment Director at Downing, said: “The Kvævebekken hydropower plant acquisition is another excellent opportunity which enables us to further expand our investment allocations in hydropower and the Nordic region.
“Financing newbuild hydropower in the Nordic region is an important part of our strategy as we look to continuously diversify our portfolio by both geography and technology. We look forward to continuing our excellent relationship with Fossberg Kraft AS to further expand our Norwegian hydropower portfolio.
“As a certified B Corp, we are committed to responsible investing and delivering on the strategy. We look forward to adding further attractive projects to our portfolio in due course.”
Find out more about Downing's Energy & Infrastructure team
Share
Investment manager Downing LLP is strengthening its sustainable investing focus with the c.£3 million acquisition of Norwegian hydropower plant Kvævebekken Kraftverk AS (“Kvævebekken”) with an annual average production c.5 GWh.
The acquisition from Fossberg Kraft AS of 100% of the shares in Kvævebekken Kraftverk AS, which is located in the Sirdal region of South Norway, was made through the renewable energy and infrastructure arm of the Downing Estate Planning Service (DEPS).
The deal is the second this year in the hydropower sector made by DEPS. It follows the acquisition of Lauvstad Kraftverk AS (“Lauvstad") in January.
Following the acquisitions of Kvævebekken and Lauvstad, the renewable energy and infrastructure arm of DEPS now owns seven hydropower plants in the southern part of Norway with a forecast aggregate annual average generation of c.41 GWh.
Henrik Dahlström, Investment Director at Downing, said: “The Kvævebekken hydropower plant acquisition is another excellent opportunity which enables us to further expand our investment allocations in hydropower and the Nordic region.
“Financing newbuild hydropower in the Nordic region is an important part of our strategy as we look to continuously diversify our portfolio by both geography and technology. We look forward to continuing our excellent relationship with Fossberg Kraft AS to further expand our Norwegian hydropower portfolio.
“As a certified B Corp, we are committed to responsible investing and delivering on the strategy. We look forward to adding further attractive projects to our portfolio in due course.”
Find out more about Downing's Energy & Infrastructure team
Share
Investment manager Downing LLP is strengthening its sustainable investing focus with the c.£3 million acquisition of Norwegian hydropower plant Kvævebekken Kraftverk AS (“Kvævebekken”) with an annual average production c.5 GWh.
The acquisition from Fossberg Kraft AS of 100% of the shares in Kvævebekken Kraftverk AS, which is located in the Sirdal region of South Norway, was made through the renewable energy and infrastructure arm of the Downing Estate Planning Service (DEPS).
The deal is the second this year in the hydropower sector made by DEPS. It follows the acquisition of Lauvstad Kraftverk AS (“Lauvstad") in January.
Following the acquisitions of Kvævebekken and Lauvstad, the renewable energy and infrastructure arm of DEPS now owns seven hydropower plants in the southern part of Norway with a forecast aggregate annual average generation of c.41 GWh.
Henrik Dahlström, Investment Director at Downing, said: “The Kvævebekken hydropower plant acquisition is another excellent opportunity which enables us to further expand our investment allocations in hydropower and the Nordic region.
“Financing newbuild hydropower in the Nordic region is an important part of our strategy as we look to continuously diversify our portfolio by both geography and technology. We look forward to continuing our excellent relationship with Fossberg Kraft AS to further expand our Norwegian hydropower portfolio.
“As a certified B Corp, we are committed to responsible investing and delivering on the strategy. We look forward to adding further attractive projects to our portfolio in due course.”
Find out more about Downing's Energy & Infrastructure team
Please fill out the form to download the full report
Share
Sign up to stay up to date with the latest insights and investment opportunities
Learn more
.jpg)
Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.
VAT Number: 112 940 149