Magnora today and going forward
Over the past years, Magnora has successfully and profitably transitioned into the green energy sector, expanding its portfolio across multiple countries, platforms, and technologies—supported by strong organic cash flow.
Magnora’s market presence
Capacity of project portfolio per country and technology¹
| MW | Battery systems (BESS) | Solar PV | Onshore Wind | Offshore Wind fixed | Offshore Wind floating | TOTAL |
|---|---|---|---|---|---|---|
| Norway | - | 828 | - | - | - | 828 |
| Sweden | - | - | - | 250 | - | 250 |
| Scotland | - | - | - | - | 396 | 396 |
| England | 168 | 105 | - | - | - | 273 |
| Germany | 150 | - | - | - | - | 150 |
| Italy | 450 | - | - | - | - | 450 |
| South Africa | 699 | 3 799 | 1 200 | - | - | 5 698 |
| TOTAL | 1 467 | 4 732 | 1 200 | 250 | 396 | 8 045 |
¹ Magnora’s share excluding Helios (sold in 2024) and sold projects where future earnout and milestone payments are expected.
Per technology: portfolio size and strategic priorities
Exploring strategic opportunities in the data centre sector
In our ongoing business development efforts, we have identified the accelerating demand for data centres across our core markets as a compelling strategic opportunity for Magnora. For instance, in the Nordic region, data centre power demand is expected to grow from 11 TWh today to 62 TWh by 2050. The growth of data centres is however constrained by a limited supply of suitable sites—particularly those with robust grid connectivity, creating a favourable entry point for players with the right capabilities.
Over the past months, Magnora has invested time and resources into analysing the data centre landscape to understand the operational, regulatory, and commercial requirements for success. This work has confirmed a strong strategic fit between the sector’s needs and Magnora’s core competencies, including grid connection expertise, site identification, permitting processes, sustainability integration, power market insight, and project execution.
Magnora is well positioned to take a more active role in this space. Our capabilities match well with the key bottlenecks faced by data centre developers, particularly in reducing time-to-market and securing grid-ready sites. Furthermore, the data centre segment complements our existing portfolio by balancing electricity production with consumption, thereby reducing exposure to power price volatility. We also see potential for co-location with solar PV and wind assets, enhancing project synergies and long-term value creation.