Luxcara expands its wind portfolio in Norway by 263 MW
LUXCARA, the German renewable energy asset manager, has acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW.
As we reported in September 2016, the company already purchased the 112.2 MW Egersund wind project in southern Norway from developer Norsk Vind Energi AS.
A total of 73 wind turbines will be constructed and are expected to be completed and connected to the grid in 2019.
LUXCARA is expanding its portfolio of European solar and wind farms to a total capacity of almost 800 MW.
Dr Alexandra von Bernstorff, Managing Partner of LUXCARA, said:
“Thanks to our excellent network, we have been successful in acquiring another large wind portfolio in Norway for our institutional investors within a short period of time.”
“We are currently in negotiations with several well-known partners regarding a long-term power purchase agreement. In combination with reliable wind farms at sites with continuously high levels of wind throughout the year, we are laying the foundations for sustainable cash flows and an attractive project for our investors.”
Country news
-
-
May 08, 2017
Oslo to purchase Hafslund ASA for €730M
Fortum and the City of Oslo have entered into an agreement to restructure their ownership in Hafslund ASA, one of the largest listed power groups in the Nordic region.
Read more -
April 03, 2017
Luxcara reaches close on Norwegian wind
LUXCARA, an asset manager for renewable energy investments in Europe, has reached Financial Close for the Egersund wind farm.
Read more -
March 28, 2017
Scatec Solar completes NOK 380M private placement
Scatec Solar ASA has raised approximately NOK380 million (US$45 million) in gross proceeds through a private placement consisting of 9,380,000 new shares at a price of NOK40.50 (US$4.79) per share.
Read more -
March 24, 2017
Norwegian consortium to develop 900 MW portfolio
St1 Nordic Oy’s Norwegian subsidiary, St1 Norge AS, has signed a contract with a consortium consisting of Vindkraft Nord AS and Ny Energi AS to establish a company aiming to develop two wind park projects in northern Norway.
Read more -
February 20, 2017
Infranode closes second investment round for infrastructure fund
Infranode has announced the closing of its second investment round. The Infranode I investment platform raises SEK1.9 billion (US$213 million) dedicated to essential infrastructure investments in the Nordics.
Read more
