Sunnhordland Kraftlag completed the acquisition of a 25.9% stake in onshore wind farm in Southern Norway, from Aquila Capital for €27m.

Sunnhordland Kraftlag, a power producer, completed the acquisition of a 25.9% stake in onshore wind farm in Southern Norway, from Aquila Capital, an investment management company, for €27m ($30m). "The sale is a further sign of the Board's ongoing commitment to secure greater appreciation of the value inherent in the portfolio. The Board continues to explore a range of initiatives to help address the issues facing the listed renewable energy sector and secure recognition in the Company's share price of the underlying value of the Company's portfolio. Whilst it is pleasing to note the level of interest in this particular asset, and the uplift in valuation that is expected to be achieved, it is clear that different technologies in differing geographies display very variable levels of liquidity and pricing visibility. The Board continues to assess these issues and others as part of its ongoing considerations and looks forward to updating the market further in due course," Ian Nolan, Aquila European Renewables Chairman.