SEB Nordic Energy-backed Locus Energy to acquire a hydropower portfolio of Blåfall from Impax and Blåfall.

SEB Nordic Energy-backed Locus Energy, a Swedish owner and developer of small-scale sustainable energy infrastructure, agreed to acquire a hydropower portfolio of Blåfall from Impax, a specialist asset manager, and Blåfall, a company acquiring, operating and maintaining renewable hydropower plants in the Nordic area. Financial terms were not disclosed. "In order to exploit the full potential of small-scale hydropower in Norway, Sweden and Finland, a changed competence in ownership combined with progressiveness in development is required. It is with great confidence that we now take on the challenge of growing further in Norway and the Nordics to become the best active owner of small-scale energy assets," Niklas Sörensen, Locus Energy CEO.