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Aquila European Renewables PLC on Monday said a court has ordered a payout in an appraisal case on its Rock project, a 400 megawatt wind farm in northern Norway. The London-based investment company came under fire from the reindeer herding district involved in the project over the years of the wind farm’s construction, as the district argued that the project’s licence was invalid. ‘Despite dialogue and attempts to resolve the underlying issues over time, it has not been possible to reach an agreement,’ Aquila explained. ‘Consequently, the project company asked the court to determine fair compensation for the stakeholders - the main purpose of the appraisal case.’ The Helgeland District Court ordered that the reindeer herding district will receive a total of NOK4.3 million, or $379,250, from the project company in compensation for potential additional work and extra costs when using the migration route through the wind park. Of this, Aquila’s share of the payout is around NOK590,000. The court, however, noted that the facility licence and expropriation permit for the Rock project were both valid, and the court decision can be appealed. The Norwegian Ministry of Energy has published a list of mitigating measures to ease disruptions on migration and reduce inconveniences for the district in the future. Shares in Aquila European Renewables PLC were down 1.0% at 54.83 pence each in London on Monday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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