Macquarie to acquire a 49.9% stake in Hydro Rein from Norsk Hydro for $332m.

Macquarie, a global impact asset manager, agreed to acquire a 49.9% stake in Hydro Rein, a provider of renewable energy solutions, from Norsk Hydro, an aluminium and renewable energy company, for $332m. “This transaction marks an important milestone for the execution of Hydro’s strategy to grow in renewable energy. We launched Hydro’s renewables ambitions through Hydro Rein less than three years ago. In a short time, the company has built a solid and impressive portfolio of renewable energy projects. All of these will be key contributors to reducing CO2 emissions for Hydro and other industries,” Hilde Merete Aasheim, Hydro Rein President and CEO.