Eiffel Investment Group, an independent asset manager, through its infrastructure funds, has agreed to acquire a 50% interest in a Norwegian portfolio from Landinfra Energy, a Nordic renewable energy developer.

The company focuses on large-scale renewable energy and infrastructure projects covering onshore wind, offshore wind, energy storage, hydrogen, eFuels, and industrial projects.

Both companies have entered into an agreement to develop the portfolio jointly. Under the agreement, Landinfra will retain the remaining 50% stake. The portfolio comprises four projects located in the NO1 price area, with an aggregate planned capacity of approximately 886 MW of solar power and 177 MW of co-located battery storage.

The projects are in development. The first projects are planned to reach ready-to-build status in 2028, subject to obtaining all required permits.

If fully developed and constructed, the portfolio is expected to represent an investment of more than €700 million (~$810 million) and deliver approximately 900 GWh of renewable electricity annually to Norway’s power system.

“We are pleased to expand our successful partnership with Eiffel to include a portfolio of large-scale solar power projects with co-located battery energy storage in Norway. Eiffel is a leading European asset manager with extensive experience from development partnerships and infrastructure financing. Together, we bring the capabilities, experience, and financial strength required to develop new and much-needed renewable electricity generation in NO1,” says Marcus Landelin, CEO and Co-founder of Landinfra.

The transaction expands the partnership between Landinfra and Eiffel, announced in April 2024, which covers the joint development of up to 1,800 MW of renewable energy projects in Sweden.

Through the expanded partnership, Landinfra and Eiffel plan to combine Landinfra’s project origination and development capabilities in the Nordic region with Eiffel’s financing experience and its work on renewable energy infrastructure development across Europe.

According to Mercom’s Q1 2026 Solar Funding and M&A report, approximately 18.4 GW of solar projects were acquired in the first quarter of 2026, compared to 13.6 GW in Q1 2025.

In May 2026, SolarAfrica, an independent renewable power producer, signed an agreement to acquire the 315 MW Nyakallo solar and battery storage project in Limpopo, South Africa, from Norsk Renewables, a Norwegian renewable energy project developer. The project is expected to begin evacuating power by the second half of 2028.