Skanska Bags Contract to Build Solar-Powered Care Home in Norway

Skanska, leading project development and construction group, has won about USD 35.52 million (or NOK 370 million) contract from the Municipality of Bergen in Norway to build solar-powered Åsane care home in the city.

The company is among the leading developers in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland.

Further, the buildings of the eco-friendly care home will be equipped with a large rooftop solar cell plant and build with extensive use of solid wood.

Moreover, the construction of the project is expected to start in June 2020, and the project is likely to be completed in September 2022.

Skanska develops residential- and commercial property projects in select home markets.

This new project will be built in an approx 10,300 square meters of area and contain 100 accommodation units as well as common functions such as living room, kitchen, activity room along with a doctor’s office.

Besides, the project meets passive house standards and will be environmentally certified according to BREEAM-NOR, Norway’s most considered environmental certification for all types of buildings.

This project comprised of 4 buildings that will be between 3 and 4 storeys high and built around a common core, ensuring both good communication between the departments.

In 2019, the company had sales of about USD 7 billion and over 15,200 headcounts in its Nordic operations.

Recently, the company had reported higher operating income of about SEK 2.9 billion in its first quarter, as compared to SEK 0.5 billion a year ago.

Its revenue stood at SEK 41.2 billion during the quarter ending January-March 2020.

On the outlook, the company said that coronavirus pandemic is impacting both real economies in its home markets and the financial market to a significant extent.

The company is also expecting a deteriorating real economy, with lower demand in many industries, lower investments, increase in unemployment, and pressure on the national finances for many countries. Currently, it is difficult to say how severe the impact will be and for how long it will last, it added.