Swiss Life Asset Managers has acquired Vergia, a green energy-transition platform in Norway, for and on behalf of several investment funds managed by the firm. The previous owner was Arendals Fossekompani, and financial terms were not disclosed.
Established in 2022, Vergia combines in-house competence with strategic partners to develop infrastructure projects in alternative verticals within the energy-transition sphere, with focus areas in power-to-X and offshore wind.
Swiss Life’s investment funds will finance Vergia to enable its further growth and develop solutions that contribute to the decarbonization of various sectors as well as the realization of its first projects, such as a flagship green-ammonia project located in Arendal, Norway. This project consists of developing and constructing a green-ammonia plant, including a bunkering facility at the Eydehavn port.
According to Swiss Life, green ammonia is one of the most promising fuel types to replace fos
