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.
Country updates
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December 16, 2019
Encavis buys 81 MW Danish wind portfolio
Encavis AG has acquired a portfolio of eight wind parks which are already in operation with a total capacity of 81 MW in Denmark. The advantage of this portfolio is the diversified local wind risk of...
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December 13, 2019
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European Energy A/S has signed an agreement for the sale of a wind farm in Denmark with a total capacity of 22.4 MW to a German investment management firm. The wind farm is located in Jutland. It was...
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December 11, 2019
CI New Markets Fund I reaches US$1bn final close
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November 19, 2019
Denmark selects CfD model for 800 MW Thor offshore wind project in the North Sea
The Energy Settlement Circle has established a competition model for the supply of the Thor offshore wind farm. The chosen model means that the Danish wind resource can be harvested in a cheap and com...
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November 08, 2019
Great news for Denmark's and Netherlands' energy supply
Prysmian Group has completed the HVDC test on the 700 MW submarine interconnector COBRAcable that links The Netherlands and Denmark. COBRAcable is a very innovative and tight schedule turn-key project...
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