EnergyWatch

Norwegian wind supplier sold for NOK billions

Norwegian company Sapa, which is a supplier to the wind and solar industries among other businesses, has been sold to Norway's Hydro.

Photo: /ritzaufoto/AP/Charlie Riedel

In a major deal, Norway's Orkla is selling its stake of 50 percent in the company Sapa, which works in the aluminum industry and supplies to the solar and wind industries, among others.

The buyer is Norwegian Hydro, which already owns the other 50 percent of Sapa, and the company will thus take over full ownership.

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