Construction start for the 5 MW small hydro power plant Geitåni

The construction management will be performed by Captiva on behalf of the project owner Aventron. The plant will be operational in mid-2018 with an estimated annual production of 15 GWh.

Geitåni is located in Voss municipality in Hordaland County, on the west coast of Norway, close to the city of Bergen. Aventron acquired the project rights from the Swiss utility Alpiq in 2016, but the project was originally developed by the project developer Scanergy.

The chosen contracting structure is a multi-contract setup, with Captiva acting as construction manager. The civil works will be performed by the local contractor Jordalen Entreprenør AS. The other main suppliers are the Norwegian companies Energi Teknikk supplying the electromechanical equipment and Brødrene Dahl for the penstock. The construction will be finished during the summer of 2018.

Once the plant is operational Captiva Asset Management will perform the technical and commercial management on behalf of Aventron.

About Aventron AG

 

Aventron (formerly KKB) is a holding company for water-, wind- and solar-power plants. The company acquires ready-to-build or existing power plants and operates them. Typical take-over objects are small power stations producing between 200kW and 20MW in Switzerland, Italy, Germany, Spain and

Proxima Scandinavia AS receives contracts for the construction- and asset management of the wind farm Ränsliden

The project Ränsliden, located in Mellerud municipality in Sweden, has been sold by the project developer Scanergy AB to a financial investor. The investor has contracted Proxima Scandinavia AS to manage the construction running until mid-2018, and the asset management for a minimum of five years thereafter. 

The wind farm project Ränsliden has been developed by the Karlstad based project developer Scanergy AB, and is located in Mellerud municipality, on the western side of Sweden’s largest lake, Vänern. The project will consist of 7 Siemens SWT 3.6/3.3 MW turbines, each with a hub height of 135 meters and a total height of 200 meter. The annual production will be approximately 85 GWh.

The project was sold by Scanergy AB in late 2016 to a German financial investor. The investor has engaged Proxima to manage the construction of the project, and thereafter the technical and commercial asset management. The construction will start in March 2017 and be finished in mid-2018 and the asset management contract will run for an initial term of five years.

-          We are very pleased to have closed these contracts and look forward to developing Proxima into a substantial player within the construction, operations and asset management of renewables in Scandinavia, says Tormod Nyberg, CEO of Proxima Scandinavia AS.

For further information on Proxima Scandinavia AS, CEO Tormod Nyberg can be contacted at tn@captivacapital.no or +47 952 18 549 

HydroNor acquires small hydro plant Døvik

Døvik power plant in Hjelmland municipality was acquired by the financial vehicle HydroNor AS

HydroNor finalizes the acquisition of its third small hydro power plant Døvik Kraft. The plant is located in the Ryfylke area with close proximity to Husstøl/Møyskrev, which have previously been acquired by HydroNor. Annual production for Døvik is approximately 2 GWh.

About HydroNor

HydroNor is a platform for investing in small hydro power plants in Norway, initiated and managed on the behalf of external investors by Captiva.

Svensk Eiendomsvekst 2 (SEV2) divests multiple properties

Svensk Eiendomsvekst 2 has made smaller portfolio adjustments by selling one vacant commercial property in Karlstad, one commercial property in Kil and one vacant industrial property in Töcksfors. SEV 2 has also signed an agreement for a forward sale for a commercial property in Karlstad.

About Svensk Eiendomsvekst 2

Svensk Eiendomsvekst 2 is a Swedish portfolio set up in 2007 and managed by Captiva Asset Management. 

HydroNor acquires small hydro plant Møyskrev

Møyskrev power plant located next to Husstøl is acquired by HydroNor. 

HydroNor finalizes the acquisition of its second small hydro power plant Møyskrev. The plant is located in the same river as Husstøl, which has previously been acquired by HydroNor. The two plants will be operated jointly. Annual production for the joint Husstøl/Møyskrev plants is approximately 3 GWh.

About HydroNor

HydroNor is a platform for investing in small hydro power plants in Norway, initiated and managed on the behalf of external investors by Captiva. The acquisition of Husstøl is the first investment by HydroNor. 

BKW and Captiva Asset Management establishes an independent service provider for renewables in Sweden and Norway

Captiva Asset Management AS and the Swiss utility BKW AG have agreed to establish the joint venture Proxima Scandinavia AS as an independent service provider. Proxima will target the growing downstream service market for renewables in Norway and Sweden.

Captiva is very pleased to announce the expansion of our ongoing cooperation with BKW.

Proxima Scandinavia AS will deliver services in late stage project development, project construction, technical and commercial management and operations and maintenance in Norway and Sweden. Initially for wind power only. The joint venture will combine Captiva’s local presence and experience from project development and construction, with BKW’s extensive technical and commercial experience from operational assets across Europe.

New renewables in Norwegian and Swedish, primarily onshore wind, have since the late 2000s expanded rapidly, and is set to continue to grow. This development has primarily not been driven by the traditional local utilities. The partners believe that this combination of strong underlying growth and a new asset ownership environment will create a demand for independent third party service providers, as has happened in the mature markets of Germany and Denmark.

About BKW:

The BKW group is an international energy and infrastructure company employing some 4500 people and is headquartered in Bern, Switzerland. Within wind power, BKW has the operational responsibility for 538.3 MW, both owned by BKW or for third parties. In Scandinavia they are a partner in the 1000 MW Fosen project in Norway. With the support of Captiva, BKW is the industrial partner for the financial consortium headed by Credit Suisse owning 40 % of the Fosen project.

 

 

Captiva to operate and manage small hydro plants Boge I and II for Aventron

Aventron has acquired the 2 x 1.25 MW small hydro plants Boge I and II and engaged Captiva to perform the operations and the asset management. 

The operational power plants Boge I and 2, each 1.25 MW, are located in the Boge river in the municipality of Vaksdal in the county of Hordaland. The power plants have been acquired by Aventron.

In line with our previous mandates, Aventron has enganged Captiva to perform the asset management and operations starting immediately.

HydroNor acquires small hydro plant Husstøl

The 0.85 MW Husstøl power plant in Hjelmland municipality was acquired by the financial vehicle HydroNor AS

Husstøl kraftverk is located in Hjelmland municipality in Rogaland county. The plant was bought from a bankruptcy estate and had been out of operation for some time. Captiva performed all the technical and other due diligences during the acquisition phase, and has put the plant back in normal operation. The technical and commercial operations will be managed and performed by Captiva.

About HydroNor

HydroNor is a platform for investing in small hydro power plants in Norway, initiated and managed on the behalf of external investors by Captiva. The acquisition of Husstøl is the first investment by HydroNor. 

Captiva is chosen as a partner by BKW in their role as technical advisor for Nordic Wind Power on the wind Fosen project

BKW owns 25 % of Nordic Wind Power DA (NWP), which in turn owns 40 % of the 1000 MW Fosen wind power project in mid Norway. The other owner in NWP is a financial consortium led by Credit Suisse. NWP has mandated BKW to be their main technical advisor for the project. BKW has engaged Captiva as a local sub supplier.

The Fosen project consists of six individual project of which two projects are located south of the Trondheim fjord in the Snillfjord area and four in the north on the Fosen peninsula. Collectively it is one of the largest wind projects in the world.

The construction of the first wind far has started, but the work on the last wind farm will not be concluded before early 2021. Captiva will under a technical advisory agreement perform monthly site inspections and participate on the behalf of BKW in an Advisory Committee reporting to the board of Fosen Vind DA for the duration of the construction.

Sättravallen wind farm completed and taken over by Allianz Capital Partners

Captiva has acted as project manager and construction manager of the 52.8 MW wind farm Sättravallen on the behalf of Allianz Capital Partner. The project was successfully completed and has been taken over by the owner.

The Sättravallen project was originally developed by the project developer Scanergy AB, one of Captiva's partner companies, and is located close to the city of Karlstad in Sweden. In 2012 the project was fully permitted and sold to the financial consortium ScanVind 1. On behalf of ScanVind 1 Captiva performed the late stage development, including the tendering for turbines and all other work packages, for the project. In 2014 the project was sold to the final investor Allianz Capital Partners, which engaged Captiva to perform the construction management.

The project consists of 16 Vestas V126 3.3 MW turbines. It was the first contract Vestas signed for the V126 in Sweden and is currently the largest turbines in Sweden.  High quality wind sites and large modern turbines in combination with a well performed tendering and realization are the key success factors for any project in wind Sweden today, according to Captiva project manager Tormod Nyberg. 

Construction start for 3.2 MW small hydro power plant Kupe with Captiva as owners engineer and future operator and asset manager

Aventron acquired the project rights from small hydropower developer Scanergy, and has signed a turnkey EPC contract with Brødrene Dahl. Captiva managed the later stage permitting and detailed planning on behalf Scanergy, and has been engaged by Aventron as owners engineer for the construction.

Kupe Kraftverk is located in Flora municipality in Sogn and Fjordane county on the west coast of Norway. It was permitted in 2009, but the realization was delayed due to limitation is the grid connection availability. The project developer Scanergy, a company which has an long term strategic co-operation with Captiva, has sold the project to the Swiss based Aventron. They have entered into a turnkey EPC delivery with Brødrende Dahl for the realization of the project. The chosen supplier for the electromechanical equipment is the Norwegian supplier Energi Teknikk. The plant will be operational in April 2017. Captiva will act as the owners engineer for the duration of the construction.

About Aventron AG

Aventron (formerly KKB)  is a holding company for water-, wind- and solar-power plants. The company acquires ready-to-build or existing power plants and operates them. Typical take-over objects are small power stations producing between 200kW and 20MW in Switzerland, Italy, Germany, Spain and Norway. 

Captiva to take over the asset management and operations of a portfolio of operational and permitted projects in development on behalf of Aventron

Aventron has acquired the Swiss utility Alpiq’s portfolio of small hydropower in Norway. The portfolio consists of projects in operation and under development. Aventron has engaged Captiva to perform the project development,  the operations and asset management for the asset in operation.

Alpiq Ecopower Scandinavia has sold their Norwegian small hydro portfolio to Aventron AG. It consisted of the 4.7 MW operational small hydro power plant Sevre Kraftverk, a minority participation in the 5.5 MW Stølsdalselva Kraftverk and three permitted projects in development.

Captiva will perform the operations and asset management for Sevre and manage the participation on Stølsdalselva. Furthermore Captiva will perform the final development in terms of detailed planning, tendering and grid access negotiation for the three projects in development.  

About Aventron AG

Aventron (formerly KKB) is a holding company for water-, wind- and solar-power plants. The company acquires ready-to-build or existing power plants and operates them. Typical take-over objects are small power stations producing between 200kW and 20MW in Switzerland, Italy, Germany, Spain and Norway.

Captiva Eiendom acquires Maridalsveien 91 in Oslo. Captiva Capital Partner, Captiva Asset Management and Scanergy changes company address to Maridalsveien 91

Maridalsveien 91 is a 1.400 sqm office building located in Oslo municipality. Captiva Capital Partner, Captiva Asset Management and Scanergy moves to Maridalsveien 1st of Juli 2015.

Maridalsveien 91 is located at Ila/Sagene in Oslo municipality. Captiva performed all the technical and other due diligences during the acquisition phase, and has rebuilt part of the offices for own use. Maridalsveien 91 has no vacancy after this. Captiva Asset Management manages the technical and commercial operations.

About Captiva Eiendom

Captiva Eiendom is a fully owned subsidiary by Captiva Capital Partner and is a platform for the company to invest in real estate. This is the third fully owned acquisition by the company in Oslo. Captiva Eiendom also has 50% ownership of Nygaardsgata 33 in Fredrikstad.