Luxcara signs PPA for 374 MW Onshore wind farm in Sweden

Luxcara, one of Europe’s most experienced renewable energy asset managers, has closed a long-term power purchase agreement (PPA) with Amazon. The deal is one of the continent’s largest onshore wind PPAs and covers a significant share of the power to be produced by the 374MW onshore wind park Kallamossen in Northern Sweden.

Dr. Alexandra von Bernstorff, Managing Partner of Luxcara, comments: “We are delighted to add Amazon to our growing list of renewable power customers. The trust from such a strong offtaker demonstrates the value we can achieve for institutional investors with our Nordic renewables portfolio even during such challenging times. We look forward to structure and deliver more exciting projects with innovative offtake structures in 2021 and beyond.”

From 2023 onwards, the project will deliver clean electricity to power Amazon’s European operations while keeping the company on its path to power 100% of its global operations with renewable energy by 2025.