Investment service company Aquila Capital has purchased six run-of-river hydro power plants in Norway from energy company BKK for an undisclosed sum.

Located near Bergen, the six hydro power plants have a cumulative power generation capacity of approximately 70GWh annually, which is equivalent to the average electricity requirements of nearly 3,500 Norwegian households.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Aquila Capital’s chief executive officer (CEO) and co-founder Roman Rosslenbroich said: “Run-of-river plants have among the best conversion efficiencies of all energy sources, with an efficiency factor exceeding 90%.

“They use proven, mature technology that, if well maintained, can produce energy for many decades. The long-term stable cash flows produced by hydropower are uncoupled from volatile carbon energy types as well as other traditional asset classes such as equities and bonds, providing investors with strong diversification benefits.”

“Run-of-river plants have among the best conversion efficiencies of all energy sources.”

The power facilities will be operated and managed by Småkraft, a company fully financed by investment vehicles managed by Aquila Capital.

Rosslenbroich added: “By integrating the newly acquired plants into the portfolio managed by Småkraft, we can also ensure very low operating costs.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Nordic region is a suitable region for hydropower investments, with a large number of existing run-of-river power plants, a mature renewable energy sector, and a stable legal framework.

BKK Production’s CEO Wenche Teigland said: “Through Småkraft Aquila Capital already has a significant presence in the local area.

“We have every confidence that these hydropower assets will be managed to the highest possible standard going forward. All agreements and commitments with landowners will continue in their existing form.”