Small Hydro Downing Acquires Portfolio Of Operational Norwegian Hydropower Plants News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thursday, 14 January 2021
Downing LLP has announced it has exchanged contracts to acquire a portfolio of five operational hydropower plants in South Norway on behalf of Downing Estate Planning Service.
Courtesy of Downing LLP
The hydropower plants will now be owned by Bagnall Energy Limited, one of the two Inheritance Tax (IHT) companies within DEPS. The portfolio is being acquired from Fossberg Kraft AS/Fossberg Kraft Produksjon AS (Fossberg) who will become Downing’s partner both for development of new power plants, and operations and maintenance in Norway.
The portfolio comprises five hydropower plants near the city of Bergen. Three of the power plants are in Bjørnafjorden, a small town close to Bergen, thereby allowing for streamlined operations. The two other facilities are located in Odda and Sauda respectively. The average annual production of the portfolio is 21.8 GWh. ....

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