10 January 2024
10 January 2024
The two members of the consortium have now formalised their partnership with a joint venture (JV) agreement.
The project is anticipated to generate 8.5MW of clean electricity sufficient to power more than 2,000 homes.
The development is said to be a key part of the TQEZ's regeneration efforts.
The development is set to be located on a built-up area of 1.5 million square feet.
The project is part of the overarching Bypakke Ålesund infrastructure initiative.
The decision will result in a €16m negative impact on the company's Q4 2023 profit.
The framework has been expanded to include specific requirements such as external environmental enhancements and insulation.
The project is set to be completed over a 36-month timeframe.
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