Aquila Capital enters agreement with Eolus Vind for the 400 MW Oyfjellet wind project acquisition
The Hamburg-based alternative investment specialist Aquila Capital has entered into an agreement with Sweden’s Eolus Vind AB for the acquisition of a 400 MW Oyfjellet wind farm for a total consideration of EUR30 million (US$33.8 million).
The wind farm is located close to Mosjoen in the municipality of Vefsn, Norway. The construction of the project is expected to begin in autumn 2019 and to be finalized by the fourth quarter of 2021. Eolus will build the wind farm for Aquila under a EUR23 million (US$26million) construction management agreement that will be signed upon the closing of the transaction. The deal is expected to close once the approved detail plan, procurement of wind turbines, grid connection and balance of plant (BOP) agreements are in place.
Local aluminum supplier Alcoa Norway has signed a 15-year power purchase agreement (PPA) for the output of the project.
Country updates
-
-
August 12, 2019
Engie announces first turbine installation at 208 MW Tonstad wind project in Norway
Engie has installed the first out of 51 Siemens Gamesa wind turbines of Tonstad wind project in Norway. The project involves the development of the 208 MW wind farm located in the municipalities of S...
Read more -
July 11, 2019
Peikko delivers rock foundation technology to 59 MW Frøya wind park in Norway
Peikko Group's sales office in Norway, Peikko Norge AS, has received a substantial order to deliver rock foundation technology to Frøya wind park in the Trøndelag area, Central Norway. P...
Read more -
June 20, 2019
Norway to consider bids for 3.5 GW offshore wind farms in the North Sea
Norway’s Ministry of Petroleum and Energy seeks to open two areas for the construction of floating offshore wind parks, which combined could hold a turbine capacity of up to 3.5 GW. The first a...
Read more -
June 13, 2019
Wilhelmsen Ship Management to own 50% share in NorSea Wind AS
Wilhelmsen Ship Management (WSM) is set to acquire 50% of NorSea Wind AS and it’s subsidiaries to offer a unified and integrated solution to the renewable wind energy market. NorSea Wind, found...
Read more -
June 07, 2019
Construction commenced for 56 MW wind project in Norway
OX2, with the partnership of Austri Vind, has started the construction of its 56 MW wind farm located in Kjolberget, Valer municipality, Hedmark county, Norway. The wind farm, consists of 13 un...
Read more
