MAQS advised Solare Nordic in an energy transaction with ewz

Swedish solar developer Solare Nordic AB partners up with ewz, Zurich Municipal Electric Utility and secures financing for the development and construction of PV projects in Sweden. 

ewz, one of the ten largest energy services companies in Switzerland, acquires 51 % of the shares in Solare Nordic AB. In connection with the transaction ewz commits more than one billion SEK for the continued financing of the project development and construction of the PV projects in a first stage. 

Solare Nordic AB was set up as partnership between AxSol owned EnergiEngagemang Sverige AB and management in Solare Nordic, to functions as a platform to develop, finance, construct and own PV assets, mainly utility scale PV project between 5-25 MW, but also installations enabled through Solare Nordic ABs solar-as-a-service offering. Currently the company holds a portfolio of approximately 320 MWp in various stage of development. Start of construction of the first projects is anticipated to H2, 2024

MAQS Advokatbyrå advised Solare Nordic in the transaction. MAQS team consisted of Sara Malmström, Mikael Kowal, Amanda Dyberg, Sophie Nordmark White and Ida Hillestad.