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Solar developer Helios Nordic Energy to sell shares to SunMind
Transactions - MAY 30, 2024

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Solar developer Helios Nordic Energy to sell shares to SunMind

by Kali Persall

Helios Nordic Energy, a solar developer in the Nordics, has signed binding agreements to sell all outstanding shares to SunMind, a subsidiary of French concessions and construction company VINCI. Financial terms were not disclosed.

Helios was established in 2019 to develop utility-scale solar power projects in Sweden. Since its inception, the team has managed to build a solid and efficient development platform, resulting in multiple transactions with notable tier 1 investors. Approximately 1 gigawatts peak of solar photovoltaic (PV) solar-panel projects have been sold, and roughly 300 megawatts peak of ready-to-build projects have been handed over to investors to date.

The company is active in Sweden, Finland and Norway, with an extensive pipeline of PV and battery energy storage system (BESS) projects.

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