Apr 25, 2025 / 08:00AM GMT
Erik Sneve - Magnora ASA - Chief Executive Officer
Welcome to another exciting quarter with a lot of geopolitical risk, and I'll Speak a little about how we have solved that in Magnora. So, Q1 report 2025. So, highlights from the quarter.
We've had continued very high growth in our project portfolio. The numbers for 2024 was 15% global growth in all renewables, due to the fact that they're really cheap and outcompete any other power production technology. We have had 66% growth in our landbank since Q1 2024, 19% growth during the quarter.
Our landbank reached 7.5 gigawatts and the highest growth was our Onshore project portfolio in South Africa. We have a low cost, we're loyal towards our greenfield operating and business model. Our costs were moderately down during the quarter. What's been really interesting is that interest from potential customers and partners have picked up significantly during the quarter due to scarcity of good projects and improved sentiment in Europe driving growth and inbound requests.
We have commercial discussions across all our regions and all our
Q1 2025 Magnora ASA Earnings Call Transcript
Apr 25, 2025
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