Aberdeen Investments has agreed to sell its stake in Aventron Norway to SEB Nordic Energy’s portfolio company Locus Energy for an undisclosed sum.
Aberdeen Investments is exiting the Norwegian hydropower business via its SL Capital Infrastructure I (SLCI I) fund, alongside Switzerland-based power producer Aventron AG, which has also sold its entire holding in the joint venture.
The transaction marks Aventron AG’s complete exit from Norway as the Swiss firm sharpens its focus on its core markets in Switzerland, Germany, France, Italy and Spain.
SLCI I initially entered the Norwegian market in 2015 through the acquisition of Nordic Power, an owner and operator of 15 hydropower plants.
In 2021, Nordic Power merged with Aventron AG’s Norwegian assets to create a combined platform featuring 44 hydropower and wind generation assets across all five of Norway’s price regions, which subsequently executed three bolt-on acquisitions.
The transaction represents the fifth realisation for Aberdeen’s Economic Infrastructure team in 2026 and the fourth from its SLCI I fund.
Graeme Dunbar, senior investment director, economic infrastructure at Aberdeen Investments, said: “Over our eleven-year ownership period, we have worked closely with local operating partners and the Aventron team to execute a disciplined value creation strategy that has transformed the business into a larger, more diversified and more resilient renewable energy platform.
“The successful realisation of our investment demonstrates the benefits of active asset management and long-term stewardship and has delivered a positive outcome for SLCI I investors despite a challenging market environment. This transaction represents the Economic Infrastructure team’s fifth realisation in 2026 and the fourth from SLCI I.”
Eric Wagner, CEO of Aventron AG, said: “With this sale, we are restructuring our portfolio and channelling our resources into areas where we can develop projects efficiently and operate them in the long term.
“A key focus is on renewable projects that enable additional domestic electricity generation, contribute to winter supply and support the transformation of the energy system.”
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