Fridafors Nedre is a hydropower plant located in Sweden's southern SE4 price zone. The plant was comprehensively renovated between May 2014 and September 2019, including the construction of modern fish passageways. The plant has an aggregate forecast annual production of c.8 GWh p.a.
Fridafors Nedre and Fridafors Övre are DORE's first assets to be located in the attractive southern SE4 pricing region, which historically has the highest wholesale power prices in Sweden, benefitting from export cables to continental Europe. The acquisitions in a new price zone will further support DORE's strategy of focusing on diversification by geography, technology, revenue and project stage, designed to increase the stability of revenues and the consistency of income to shareholders.