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Hitecvision and Italian oil giant form Nordic green energy JV

Norway's largest private equity firm and main non-state oil and gas investor, Hitecvision, expands its existing Vår Energi partnership with Italian oil supermajor Eni by forming a new, integrated green power joint venture for the Nordic market.

Photo: ALESSANDRO BIANCHI/REUTERS / X90015

Giant Norwegian private equity manager Hitecvision and Italian oil supermajor Eni and now expand their existing partnership in Vår Energi with the launch of a new renewable power player.

The two parties thus establish Vårgrønn, a new joint venture meant to develop, build, operate and finance green power projects in the Nordics, the two groups inform in a press statement.

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