A growing share of wind turbines installed in Sweden and Finland during the early phases of Nordic wind development are now approaching the end of their 20–25-year design life. At the same time, much of the underlying infrastructure — including permits, grid connections, foundations and access roads — remains fully functional and retains significant long-term […]
SEB Nordic Energy Fund through Locus Energy has acquired Hestenes Kraft, a brownfield small-scale hydropower plant located in Norwegian price area NO3. The plant has been in operation since 2016 and has delivered an average historical production of approximately 5.9 GWh per annum. Hestenes Kraft is strategically located near other hydro power plants in the […]
SEB Nordic Energy Fund through Locus Energy and in partnership with Ingrid Capacity celebrates the operational comissioning of a new battery energy storage system (BESS) in Rättvik, bidding zone SE3. The facility, with a capacity of 12 MW / 12 MWh, marks a strategic step in the build-out of a portfolio of twelve storage assets […]
During the spring of 2025, SEB Nordic Energy’s portfolio Company Locus Energy has acquired three stand-alone small-scale hydropower plants in the municipalities of Åfjord, Ørsta and Vestnes, contributing approximately 15 GWh of annual renewable energy production to the company’s existing Norwegian portfolio. The assets, all operational with commercial operation dates (COD) spanning from 2001 to 2012 […]
SEB Nordic Energy’s portfolio company Locus Energy, in collaboration with Ingrid Capacity, proudly announces the groundbreaking of one of Finland’s largest battery energy storage system (BESS) in Nivala Municipality, Northern Ostrobothnia. After the start of commercial operations in 2026, the project will contribute an important balancing function to the Finnish grid, supporting the Finnish renewable […]
SEB Nordic Energy’s portfolio company Locus Energy have acquired a 158 GWh hydropower portfolio located across Norwegian price areas NO2 to NO5. The portfolio includes a range of high-quality hydro assets that significantly strengthens Locus Energy’s position in the Norwegian and Nordic energy markets. The acquired portfolio consists of operational assets and assets under construction, […]
SEB Nordic Energy’s portfolio company, Locus Energy, enters a long-term Power Purchase Agreement (PPA) with Flower, a market leading flexibility trader and optimizer in Sweden. The agreement covers approximately 180 GWh per annum of Locus Energy’s Swedish wind portfolio, including a newly acquired wind farm comprising of 12 WTGs at a total of 30 MW […]
SEB Nordic Energy’s portfolio company, Locus Energy collaborates with Ingrid Capacity to build the largest battery energy storage project in Finland, contributing 70 MW/140 MWh battery power to Locus Energy’s existing Finnish portfolio already consisting of solar-, wind- and hydro power. The project is situated in Nivala Municipality in the Ostrobothnia region and is estimated […]
