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.