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

26 Apr 2023 12:12 CEST

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

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588565_Download announcement as PDF.pdf