German utility Stadtwerke Muenchen acquires 60% stake in 112 MW wind project in Norway
Stadtwerke Muenchen (SWM), German municipality utility, has acquired a 60% stake in the 112 MW Raskiftet wind project in Norway. The wind project is also owned by Gudbrandsdal Energy (20%) and Eidsiva Energy (20%).
The project, which has been developed by Austri Vind, involves the development of a 31 turbine wind farm in the municipalities of Amot and Trysil. OX2, a Swedish renewable energy developed, has been appointed as engineering, procurement and construction (EPC) contractor for the wind facility.
The total project investment is estimated at NOK1.4 billion (US$170.5 million), and it is expected to be operational by late 2018.
In early 2016, we reported that Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA joined forces to develop Europe's largest onshore wind power project in Central-Norway, comprising six onshore wind farms, with a combined capacity of 1000 MW. The total investment in the wind farms amounts to approximately €1.1 billion.
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August 03, 2016
Primer Super acquires Norwegian waste to energy plant
An independent infrastructure manager has announced it has completed the acquisition of Sarpsborg Avfallsenergi AS, a modern waste-to-energy plant in Sarspborg, Norway, on behalf of Australian superannuation fund Prime Super. Read more -
July 05, 2016
Blackrock acquires wind project in Norway, Google signs PPAs
Zephyr and Norsk Vind Energi have sold the proprietary wind farm Tellenes in Rogaland, Western Norway, to a fund managed by BlackRock. Read more -
June 22, 2016
NIB finances Statnett's Ofoten-Balsfjord power line in Norway
The Nordic Investment Bank (NIB) and Norwegian grid operator Statnett have signed a 15-year loan to partly finance a new 420 KV power line from Ofoten in Nordland to Balsfjord in Troms, Norway. Read more -
April 06, 2016
NIB funds six hydropower plants in Norway
Nordic Investment Bank (NIB), an international financial institution that finances projects in the Nordic and Baltic countries, has signed a 15-year loan with Norwegian power company Helgeland Kraft AS to finance six hydropower plants in Nordland County. Read more -
February 24, 2016
Statnett buys main transmission grid from BKK Nett
Norway's Statnett SF and BKK Nett AS have entered into an agreement concerning the sale of BKK Nett's existing and new main transmission grid to Statnett, including construction of a new power line on the Kollsnes - Mongstad - Modalen section. Read more
