Construction completed for 260 MW Onshore wind project in Sweden
Eolus and Hydro Rein have completed construction of the 260 MW Stor-Skälsjön onshore wind project in Sweden. Based on the completion, Eolus will record remaining revenues from the project in Q1 2025 and receipt of the payments in beginning of Q2.
The wind farm is located in Sundsvall and Timrå municipalities in northern Sweden (SE2), and comprises 42 Siemens Gamesa turbines which are expected to generate 800 GWh of renewable electricity annually.
Eolus and Hydro Rein acquired the project jointly from Enercon in June 2021. In 2022, 75 percent of the project was sold to German asset manager MEAG. Eolus sold its entire stake (51 percent), while Hydro REIN sold 24 percent of the shares and remains a 25 percent owner. Eolus and Hydro Rein have constructed the wind farm on behalf of MEAG under a Construction Management Agreement. Eolus will provide asset management services for the wind farm under a 15-year contract.
Country news
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