Pressmeddelande -
LOCUS ENERGY STRENGTHENS PRESENCE IN CENTRAL SWEDEN WITH NEW ACQUISITION OF SMALL-SCALE HYDROPOWER
Locus Energy AB, SEB Nordic Energy's portfolio company, has acquired four hydropower stations in Västerdalälven and Ljusnan in the bidding areas SE3 and SE2. With the acquisition, Locus Energy further strengthens its presence in Dalarna and complements the portfolio of already existing investments in wind power and the partnership with Dala Vind.
The acquisition adds additional volume to Locus Energy's holding of local small-scale hydropower in Sweden, where the company has already built up a portfolio of assets in southern Sweden. The transaction also complements previous development-intensive wind power acquisitions in the Dalarna region, where Locus Energy in April entered into a partnership with Dala Vind for the development of Fageråsen's wind farm in Malung-Sälen and in March acquired Trollberget outside Falun.
"We have once again demonstrated the strength of our networks through this off-market transaction. Contributing to accelerating Dalarna's energy transition is a long-term goal for Locus Energy." says Niklas Sörensen, CEO of Locus Energy.
"As a long-time owner of hydropower in Sweden and experience of many transactions, I have particularly appreciated Locus Energy's smooth acquisition process but also the company's genuine hydropower expertise ," says Hans Teimert, Nora, representative of the seller collective
A team consisting of Delphi Advokater (legal) and Grant Thornton (finance) acted as advisor to the buyer.
Locus Energy is a portfolio company of the Article 9 fund SEB Nordic Energy with capital from Swedish and Nordic pension funds. Locus Energy invests in assets for sustainable local energy production that can be upgraded with new technology to accelerate development and is currently present through direct investments in 48 Nordic municipalities.
For further information, please contact:
Niklas Sörensen, CEO, Locus Energy, niklas@locus.energy, +46 70 268 97 35
Richard Gavel, Portfolio manager, SEB Nordic Energy, richard.gavel@seb.se, + 46 70 772 32 53
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Locus Energy is a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region. The company is a partnership between SEB Investment Management AB and Locus Infra. The company has access to institutional capital from the Article 9 fund SEB Nordic Energy, where Nordic pension savers have currently invested approximately SEK 4 billion. Locus Energy's business concept is to acquire and upgrade facilities in small-scale hydropower, wind power, heat and power plants and electricity grids to produce more local energy and meet future environmental requirements.
