Helios Nordic Energy Grows Solar Portfolio To 1 GW

Swedish Solar Power Project Developer Helios Nordic Energy Expands Portfolio By 500 MW To 1 GW; Aims To Further Expand To 2 GW By 2022

Helios Nordic Energy Grows Solar Portfolio To 1 GW

Having achieved its target of 1 GW solar development portfolio 6 months ahead of schedule, Swedish solar power company Helios Nordic Energy now aims to grow to 2 GW by the end of 2022. (Illustrative Photo; Photo Credit: Aerovista Luchtfotografie/Shutterstock.com)

  • Sweden’s Helios Nordic Energy has grown its solar development portfolio to a total of 1 GW
  • It comprises an addition of 10 projects with a combined capacity of 500 MW to its existing portfolio of 500 MW
  • The company now aims to grow the portfolio further to a total of 2 GW by the end of 2022

Helios Nordic Energy AB has expanded its existing solar power project portfolio by an additional 500 MW to grow it to a total of 1 GW, the Sweden based solar power project developer announced.

This 500 MW will be added in the form of 10 solar power projects, all located in the southern part of the country. In a statement released, Helios said it is now also preparing to invite appropriate investors for parts of its portfolio in the southern part of Sweden where several of its projects will soon reach ready-to-build (RTB) status.

Helios has been able to reach this milestone 6 months earlier than projected. It had fixed this target after Norwegian solar and wind power player Magnora ASA acquired a 25% stake in the company in February 2021.

Magnora’s EVP Operations Peter Nygren said, “The Nordic utility scale solar PV is attracting a growing interest from buyers throughout Europe, supported by technology development and further cost reductions in the solar value chain.”

Helios now aims to increase its development portfolio by another GW to 2 GW by the end of 2022 in well-suited locations, according to its CEO Andreas Tunbjer.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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