Jul 18, 2025 / 08:00AM GMT
Erik Sneve - Magnora ASA - Chief Executive Officer
Good morning, and welcome to Magnora's Q2 presentation 2025 here in another beautiful summer day in Oslo, Norway. Highlights and subsequent events. We continue to grow our portfolio, 65% of the last 12 months, 7% over the last quarter. We've now reached 8 gigawatts and we're closing in on the 10 gigawatt goal of 2025 end of 2025. We've completed the transition to become a 100% renewable company, selling our remaining shares in Hermana Holding after bid from existing Magnora shareholders in June.
We signed the first site in Germany, and the letter of intent with the leading European infrastructure investor for our German projects, as well. We see really high demand in, particularly Germany and Italy for best projects. Magnora Italy strengthened its partnership and we're scaling up for the maxi auctions, but we also see an opportunity for trading markets in Italy and ramping up our team. Our portfolio grew 125% during the quarter, up to close to 450 megawatts.
We received confirmation on grid connection in 2030, and there are new terms out
Q2 2025 Magnora ASA Earnings Call Transcript
7 days ago
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