As of 8 January, Magnora’s portfolio of development projects reached 10 GW following the formal consent of a Finnish municipality to go forward with a near-term data center project.
Not counting the above, Magnora’s net share of projects in a diversified portfolio was 9.9 MW as of 31 December. Details are to be shared in Magnora’s Annual and Q4 presentation on 25 February.
In the recent quarter, the majority of Magnora’s portfolio growth stems from market segments with high demand and highly attractive developer margins. The combined potential of Magnora’s BESS projects in Germany and Italy passed 1.5 GW. Another noteworthy development is the addition of data center projects in the Nordics.
Elsewhere, Magnora continued to strengthen and diversify its portfolio, e.g. broadening the scope of BESS projects in Italy towards the northern part of the country and adding more wind projects to the South African portfolio.
'We are very pleased with the overall portfolio growth', says Erik Sneve, CEO of Magnora. 'We would also emphasise the way we have managed to shift efforts towards the fastest moving segments of the data center and renewables markets.'
Source: Magnora
