Aquila European Renewables takeovers Svindbaek HoldCo

Aquila European Renewables Income Fund (AERIF), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh, has acquired 100% of the shares in Svindbaek Vindkraft HoldCo ApS (Svindbaek HoldCo) for a total consideration of EUR25.3 million (US$28.3 million). Svindbaek HoldCo in turn holds all limited partnership interests in K/S Svindbaek Vindkraft, being the operating company of the Project Svindbaek.

Project Svindbaek is an onshore wind farm located on the west coast of Denmark with 22.4 MW of installed capacity. The project benefits from a Danish Premium tariff (feed-in premium structured as a Contract for Difference) for a fixed volume of production which is expected to last for another 9 years.

The project helps save 18,337 tons of CO² emissions which totals 458,433 tons over the projected lifetime, which equals the annual average energy consumption of 5,098 households based on a European average.