Landinfra Energy AB and Eiffel Investment Group have signed an agreement to jointly develop a substantial portfolio of solar and battery storage projects in Norway. Under the terms of the deal, Eiffel, acting through its infrastructure funds, will acquire a 50% stake in Landinfra’s Norwegian portfolio, while Landinfra retains the other half. The portfolio includes four projects situated in the NO1 price area, with a combined planned capacity of roughly 886 MW of solar power and 177 MW of co-located battery storage. This solar storage partnership marks a significant expansion of the two companies’ existing collaboration, building on a deal announced in April 2024 that covers the joint development of up to 1800 MW of renewable energy projects in Sweden.
All four projects are currently in the development stage. The first among them are expected to reach ready-to-build status in 2028, contingent upon obtaining all necessary permits. Should the entire portfolio be fully developed and constructed, it is projected to represent an investment volume exceeding €700 million. Once operational, the projects are expected to deliver approximately 900 GWh of renewable electricity annually to the Norwegian power system, bolstering renewable generation capacity within the NO1 price area. The sheer scale of this solar storage partnership underscores both parties’ commitment to advancing clean energy infrastructure across the Nordic region.
Through this expanded collaboration, Landinfra and Eiffel intend to combine their complementary strengths. Landinfra brings deep project origination and development capabilities across the Nordics, while Eiffel contributes its extensive track record in financing and supporting renewable energy infrastructure development throughout Europe. The partnership leverages these combined resources to address growing demand for new sources of renewable energy in Norway.
Marcus Landelin, CEO and Co-Founder of Landinfra, commented: “We are pleased to expand our partnership with Eiffel to include a portfolio of large scale solar power projects with co-located battery energy storage in Norway. Eiffel is a leading European asset manager with extensive experience from development partnerships and infrastructure financing. Together, we bring the capabilities, experience, and financial strength required to develop new and much-needed renewable electricity generation in NO1.”
Laurent Coubret, Investment Director and Fund Manager at Eiffel, added: “Norway represents a compelling opportunity for renewable energy development, and this portfolio is a strong addition to our growing Nordic presence. We are delighted to deepen our partnership with Landinfra, which has proven being an ideal partner in the Nordics. Expanding our collaboration with them into Norway is a natural next step. This transaction reflects Eiffel’s conviction in the long-term value of utility scale solar and battery storage across Europe, and our commitment to supporting the energy transition with both capital and operational know-how.”
The agreement positions both Landinfra and Eiffel as key contributors to Norway’s evolving renewable energy landscape. With nearly 900 GWh of projected annual clean electricity output, the portfolio would make a meaningful contribution to the country’s solar power capacity. The focus on co-located battery storage also reflects a broader industry trend toward pairing generation assets with storage solutions to enhance grid stability and energy dispatch flexibility. As the energy transition gains momentum across Europe, this expanded Nordic partnership between Landinfra and Eiffel signals a strong and growing appetite for utility scale solar and battery storage development in the region.