Energeia and Eidsiva Vekst have signed a Letter of Intent (LoI) with Hydro Rein, Norsk Hydro’s dedicated company for renewables development, to jointly cooperate on developing utility scale solar park projects in Norway and the Netherlands.
“For Energeia, with our focus on development, construction and operation of solar PV power plants in Norway and in the Netherlands, a cooperation on such development and joint asset ownership with Hydro Rein represents significant positive synergies for the Energeia group beyond the individual power plant. A cooperation further strengthens Energeia’s project development and ownership for the long-term, based on shared future perspectives and values with Hydro Rein,” says Viktor E Jakobsen, CEO Energeia group.
“Eidsiva is happy to expand our position within solar power, through the cooperation with both Hydro Rein and Energeia. We believe this agreement further strengthens our efforts in developing new renewable energy, catering to the needs of both local communities and industry”, says Executive Vice President Strategy and Growth in Eidsiva Petter Myrvold.
“We are looking forward to cooperating with Energeia and Eidsiva on solar project development in Norway and the Netherlands. Together, we can help our industrial clients decarbonize through providing more clean energy. For Hydro Rein, we are excited about Energeia’s “Agrivoltaics” efforts which allows for a combination of agricultural activities such as grazing on the same land used by solar power plants,” says Tor-Ove Horstad, Chief Commercial Officer in Hydro Rein.
