Norwegian renewable energy investor Magnora ASA is partnering with investment and asset manager Prime Capital and publicly-owned power company Troms Kraft to build a green maritime fuel project in the Tromso area, northern Norway.
The project seeks to develop the large-scale production of green hydrogen and the conversion into green ammonia and/or liquid organic hydrogen carriers.
Magnora has signed an agreement with Prime Capital and Troms Kraft to collaborate in the development of the project, which is currently in the feasibility phase. The final investment decision will be released by late 2022 to mid-2023. The project is expected to enter into commercial operation by 2025.
Country updates
-
-
September 22, 2021
EUR315 mn refinancing achieved for 400 MW wind project in Norway
Øyfjellet Wind AS has received EUR315 million (USD369.12 million) refinancing for its 400 MW Oyfjellet onshore wind project in Norway.
Read more -
September 21, 2021
Reliance Industries nears closing of REC Group acquisition from ChemChina
Indian multinational conglomerate company Reliance Industries (RIL) is nearing closing the deal with China National Chemical Corporation (ChemChina) to acquire the Norwegian solar module man...
Read more -
August 31, 2021
Bourbon Subsea Services completes installation of 3.6 MW TetraSpar floating wind demonstration project in Norway
Bourbon Subsea Services has completed the installation of the 3.6 MW TetraSpar Demonstrator Floating Wind Turbine Project at Metcentre Test site in Norway. The demo project is based on the...
Read more -
August 16, 2021
Deutsche Bahn signs PPA for Mageli hydropower plant
German railway company Deutsche Bahn is securing the transition to a completely green power supply. Starting in 2023, Statkraft's hydropower from Norway will make the traction current mix in Germany e...
Read more -
July 15, 2021
Everfuel and OKQ8 to cooperate on Swedish hydrogen station network
Everfuel Sweden AB, a fully owned subsidiary of Everfuel A/S and OKQ8 has entered into a cooperation agreement for joint development of the green hydrogen market in Sweden by establishing a network of...
Read more
