LOCUS ENERGY STRENGTHENS PRESENCE IN CENTRAL SWEDEN WITH NEW PURCHASE OF SMALL SCALE HYDROPOWER

Locus Energy AB, the portfolio company of SEB Nordic Energy, has acquired four hydropower plants in Västerdalälven and Ljusnan in the bidding areas SE3 and SE2. With the acquisition, Locus Energy further strengthens its presence in Dalarna and complements the portfolio of already existing investments in wind energy and the collaboration with Dal Find.

The acquisition adds additional volume to Locus Energy’s holdings of local small-scale hydroelectric power stations in Sweden, where the company has already built up a portfolio of assets in southern Sweden. The transaction also complements previous development-intensive wind energy acquisitions in the Dalarna region, where Locus Energy partnered with Dala Vind to develop the Fageråsen wind farm in Malung-Sälen in April and acquired Trollberget outside Falun in March.

“With this off-market transaction, we have once again demonstrated the strength of our networks. Contributing to accelerating Dalarna’s energy transition is a long-term goal for Locus Energy.” says Niklas Sörensen, CEO of Locus Energy.

“As a long-time owner of hydropower in Sweden and experienced in many transactions, I especially appreciated Locus Energy’s smooth acquisition process, but also the company’s real hydropower expertise,” says Hans Teimert, Nora, representative of the seller collective

A team consisting of Delphi Advokater (legal) and Grant Thornton (finance) acted as advisor to the buyer.

Locus Energy is a portfolio company of the Article 9 fund SEB Nordic Energy with capital from Swedish and Nordic pension funds. Locus Energy invests in sustainable local energy production assets that can be upgraded with new technology to accelerate development and is currently present through direct investments in 48 Nordic municipalities.

For more information, please contact:

Niklas Sörensen, CEO, Locus Energy, [email protected], +46 70 268 97 35

Richard Gavel, portfolio manager, SEB Nordic Energy, [email protected], + 46 70 772 32 53