Fontavis acquires Norwegian small-scale hydropower portfolio from OBOS

Oslo (Norway) / Baar (Switzerland), April 24, 2020 – Fontavis managed fund acquires 100% of OBOS Energi AS, a developer and owner of small-scale hydropower plants primarily located in the south-west of Norway. The portfolio consists of 10 operating plants and 6 plants under construction generating 333 GWh in power annually. The transaction includes a substantial project pipeline to be developed over the next few years together with the established organization. As part of the transaction, OBOS Energi AS will be renamed FORTE Vannkraft AS with immediate effect.