Magnora ASA has signed an agreement with RWE Renewables to jointly develop the 98 MW Oddeheia and Bjelkeberg wind farm located in Agder county, Norway.
Magnora will hold a 34% stake in the project.
The Oddeheia and Bjelkeberg wind farm is expected to reach the "ready-to-build" status in 2021 and become operational in 2022.
RWE Renewables has applied to the Ministry of Petroleum and Energy for a one-year permit extension This would mean that the wind farm must be in operation by 31st December 2022. A decision on the matter is expected shortly. Magnora’s participation in the project is conditional upon approval of permit extension.