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A Nordic investment bank has recruited a European renewables financing and M&A advisory veteran as part of a drive to boost its sector coverage, it is understood.
Nordic renewables developer Cloudberry Clean Energy has signed a letter of intent to acquire an under-construction 22.6GWh hydro plant in Norway.
Statkraft made an operating loss in the second quarter of 2020, largely due to “substantially lower Nordic power prices” as a result of a hydro power surplus in the region.
A Nordic power group is looking to sell a circa 40% stake in a construction-ready 160MW onshore wind farm, it is understood.