Investment management company Downing LLP has announced the acquisition of Norwegian hydropower plant Kvævebekken Kraftverk for approximately £3m. The plant, located in the Sirdal region of South Norway, has an annual.
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Bagnall Signs Share Purchase Agreement For 100MW Swedish Wind Farm Construction Project
With reference to the release on 6 November 2020, Bagnall Energy Limited (“Bagnall”) today announces that it has signed a share purchase agreement (“SPA”) and shareholder arrangements (“SHA”) with Cloudberry Clean Energy AS (“Cloudberry”) for the construction and ownership of a 100 MW nearshore, shallow water wind farm in Lake Vänern in southern Sweden.
Bagnall is part of the Downing Estate Planning Service (“DEPS”), managed by Downing LLP.
The 100 MW wind farm project in Lake Vänern is the second wind farm on the lake and is situated close to existing grid infrastructure. The project includes 16 turbines with an estimated annual power production around 350 GWh, further strengthening the access to clean and renewable energy in the region.