Magnora exceeds 8GW portfolio, targets 10GW by year-end

Magnora ASA's project portfolio expanded to 8.0GW in Q2 2025, up 65% year-on-year, with the company targeting 10GW by year-end.

The company posted a NOK 22.2m net loss in Q2 but achieved positive NOK 16.4m for the first half. Key developments included BESS project growth in Germany and Italy, plus the Red Sands BESS project in South Africa reaching financial close.

Magnora held NOK 223.4m in cash and paid shareholders a NOK 11.9m quarterly dividend.