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Would rather see them invest in new projects instead of paying a dividend at the current stage

@Syriax ..... where did you read that about the dividend from Magnora ? Is there a source?

True, there will most likely be hard competition in Norway, but there might be smaller rewards such as 150-200MW sites for Utsira Nord area (floating). This is the area which Magnora will aim for as it seems. There is/has been a lot of discussion about how these auctions should take place, price or concept etc. So I think MOWs chances is decent if there is smaller sites available (smaller sites, less margins though?) and i belive MOW really got a name for them self after ScotWind, and ScotWind is kind of what they look at in Norway. Remember there was only three Norwegian companies who was awarded in Scotwind, one was MOW but not Equinor, not Aker offshore Wind among others. Regards to new investments from Magnora, i feel quite confident that next investment within battery storage in the UK might be getting closer. It's also exciting to see what will happen with Evolar in the coming months. They have applied for funding from EU Horizon (€15 mill i belive) which is to be decided this quarter. They gaining more and more interest in Sweden now, and recently won Buisness Sweden award for most promising Swedish company to scale globally. And last but not least, we might in the coming months have paying customers. Arise with their large transaction on Friday and Aker Horizon with an large transaction in Africa (including South Africa) today, so i strongly believe we will see strong development i. The stock price at year-end.

I see offshore wind in Norway a bit critical as there is a lot of competition for the allocated plots and most of the other companies have very deep pockets. I think even Magnora once wrote (could be on their magnora offshore wind site) that their hopes are not all that high for Norway. I am excited for whales. Interesting little team hiraeth is made of with some interesting backgrounds. I had a look at them on LinkedIn