Acquisition of Stølsdalselva Kraftverk

Captiva har acquired Stølsdalselva Kraftverk AS in Jondal municipality with an estimated yearly power production of 18 GWh.

An investment decision of an additional 2.5 MW pelton turbine together with several other improvements, such as rebuilding of the intake, was taken simultaneously in the transaction. The power plant will be managed by Captiva Asset Management AS on behalf of a German pension fund and in strong cooperation with the Frankfurt based manager Prime Capital.