The Norwegian Ministry of Energy recently introduced new regulations requiring mature projects to be prioritised in the grid capacity queue.

The Norwegian Water Resources and Energy Directorate (NVE) has completed a strategic impact assessment of three of the 20 offshore areas identified as potential sites for offshore wind development in Norway. NVE recommends to increase capacity in the Vestavind F area, to open a new project area in Sørvest F, and to defer any developments in Vestavind B for the time being.

In the first edition of our newsletter, we will take a closer look at Norway's legal framework for nuclear power, and assess whether the regulations are suitable for the establishment of nuclear power in Norway.

We have assisted Infranode AB and Lyse Fiberinvest AS with entering into an agreement to acquire Altifiber AS, a local fiber infrastructure provider present in Dalane and Agder, Norway. Subject to completion, Infranode will acquire 49% of the shares. The remaining 51% of shares will be owned by Lyse, which is increasing its ownership by 17p.p.

We have assisted Ren Røros AS with entering into a definitive agreement to divest Ren Røros Aksess AS to NEAS Konsern AS. Subject to completion, NEAS Konsern AS will acquire 100% of the shares.

We have assisted Infranode and Lyse with entering into a definitive agreement to acquire Sandefjord Bredbånd AS for an enterprise value of NOK 1,012 million. Subject to completion, Lyse will acquire 10% of the shares, and Infranode, the remaining 90%, from Sandefjord municipality.

In this month's ESG alert, we highlight the EU Council's failure to endorse the Corporate Sustainability Due Diligence Directive and the European Parliament's efforts to combat gender-based violence, and provide an update on various environmental developments at the EU and Norwegian levels.

Sustainability, climate and environment

Renewable Energy and Green Investments

Partner

Caroline is specialised within renewable energy and the green shift. She headed the firm's energy team in Oslo from 2021-2024. 

In Wikborg Rein, Caroline has assisted in various energy related projects and transactions, within both the renewable energy and petroleum sectors, in Norway and abroad. Caroline has broad knowledge of projects, transactions and the regulatory regime relating to hydro power, onshore wind, offshore wind, power grid, solar power, district heating and power market. She provides advice on energy regulatory issues, including EU law within the energy area. Furthermore, Caroline regularly assists clients in contract negotiations and contract drafting both towards investors, partners, developers, contractors, suppliers and other stakeholders. Such contracts typically comprise power purchase agreements (PPA), cooperation agreements and shareholders agreements, transaction agreements, operation and maintenance agreements, landowner agreements and supply agreements. Caroline has a true engagement for new sustainable technology and infrastructure, and has had the pleasure of working on such projects on several occasions.

Together with co-author Elise Johansen, Caroline has written the law commentary on the Offshore Energy Act for Gyldendal Rettsdata.

Caroline has over several years been ranked as one of Norway's up and coming talents within the category energy and climate in the financial newspaper Finansavisen's annual lawyer survey. She is also recognised by the rating agency Chambers & Partners within the area "Energy: Electricity", as well as by IFLR1000 as a "Rising Star Partner" within the category "Project Development".

Oslo

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Caroline is specialised within renewable energy and the green shift.