Sustainability Data Hub TM
Magnora ASA engages in renewable energy development and investments. The company focuses on promoting sustainable energy solutions and innovative project management within various renewable sectors.
2018
Norway
501 - 1,000 employees
Renewables & Environment
$1M - 10M in revenue
Not profitable
See all
Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Target | Year | Value | Scope | Baseline |
---|---|---|---|---|
Net ZeroⓈCompany sustainability report | 2050 | 100% | 1&2&3 | - |
In 2023, Magnora made significant progress in its renewable energy projects, particularly in onshore renewables, where its land bank more than doubled from 3GW to 7GW. The company exceeded its sales guidance, selling 420MW, with notable sales in South Africa. Magnora's strategy involves developing projects to a ready-to-build stage, which has been successful due to favorable market conditions and declining costs for solar panels and batteries. The company operates in the Nordics, UK, and South Africa, focusing on early-phase development and construction of renewable facilities. Magnora's efforts are supported by government policies and align with the EU's and UN's sustainability goals. The company has a strong cash position, zero debt, and low operating expenses, positioning it well for future growth in multiple markets.
Sustainability employees
4-6
ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.Trond Gartner
Sustainability OfficerFake Job Title 1
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Fake Job Title 2
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