ABG Sundal Collier (“ABGSC”) acted as joint financial adviser to Hydro in connection with the partnership between Hydro Rein and Macquarie Asset Management

On Monday 24 June 2024, Hydro and Macquarie Asset Management formally announced the beginning of its renewable energy partnership in Hydro REIN. The financial closing of Macquarie’s 49.9 percent ownership of Hydro REIN marks the completion of the transaction announced in October 2023, and is an important milestone accomplishment for the execution of Hydro’s strategy to grow in renewable energy.
Following the investment from Macquarie, which values Hydro REIN at around USD 333 million (pre-money) prior to closing adjustments, the company is expected to be fully funded for its current projects under construction and development cost for projects in the pipeline in the coming years, with an ambition that no new equity will be called on from the owners beyond committed capital.
ABGSC acted as joint financial adviser in the transaction and would like to extend its gratitude to Hydro and the Hydro Rein team for the vote of confidence.