Havgul clean energy AS and Triventus Windpower AB have decided to merge the project portfolios of the two companies into a new company, Havgul Nordic.
This process is expected to be completed by the end of May 2015. Until the merger is completed, the two companies will operate as individual actors, however with a strategic and operational cooperation. Following the merger, Havgul Nordic will have a portfolio of a total of1550 MW, split between three countries. Seven of the projects will be in Sweden (504 MW), five in Norway (865 MW) and three in Finland (185 MW). Leading shareholders of Havgul Nordic include the Sustainable Technologies Fund and Investinor AS, which includes the Norwegian Government, the Swedish National Pension Funds, Kåpan Pension Fund and the Heinz Family as prominent investors.
