Hafslund Magnora Sol AS is dedicated to developing large-scale solar farms across Norway. The company is owned by Magnora ASA (40%), Hafslund AS (40%) and Helios Nordic Energy (20%).

The company collaborates closely with landowners, municipalities, local stakeholders, and grid operators to advance solar projects from site identification to construction-ready status.

As of March 2025, Hafslund Magnora Sol’s project portfolio comprised approximately 2,000 MW, of which 800 MW net to Magnora.

Hafslund is one of Europe’s largest and Norway’s second largest producer of renewable power, and wholly or partially owns more than 80 hydropower plants in Norway. The company’s own power production is approximately 18 TWh and in total the group operates a production of over 21 TWh. Hafslund has more than 100 years of experience in hydropower, owns half of Norway’s largest grid company, Elvia, and invests heavily in heating, cooling, carbon capture and offshore wind. 

Helios Nordic Energy AB, a Swedish company, specialises in developing ground-mounted solar parks and Battery Energy Storage Systems (BESS) across Sweden and the Baltic region. Helios has successfully delivered over 200 MW of projects and maintains a development pipeline exceeding 11 GW. 

“Through their extensive experience and international network in renewables, Magnora is a value-adding partner for our development of profitable solar power plants in Norway.” – Petter B. Schjelderup, CEO