Axpo Nordic has concluded two more long-term route-to-market power purchase agreements (PPA) with UK-based Green Investment Group’s (GIG) wind farms Buheii and Tysvær in Norway. Currently under construction with commercial operation expected in the second half of 2021, the wind farms will provide energy to the Norwegian smelters of Eramet, a global mining and metallurgical group. Axpo Nordic is responsible for facilitating the corporate PPA between GIG and Eramet Norway through the balancing of the wind farms and managing the physical power delivery.
Through the agreements for the Buheii and Tysvær wind farms, GIG and Axpo have now extended their existing cooperation to Norway.
Country updates
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May 19, 2020
Fortum closes sale of 80% stake in 500 MW Nordic wind portfolio
Fortum has completed the sale of its 80% interest in the 500 MW Nordic wind portfolio to funds advised by Credit Suisse Energy Infrastructure Partners (CSEIP). The wind portfolio consists of Nyg&arin...
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April 30, 2020
Infracapital buys majority interest in Fortum Recharge
Fortum has signed an agreement to sell a majority share of its public charging point operator (CPO), Fortum Recharge AS, for electrical vehicles in the Nordics to Infracapital. After the transaction,...
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April 30, 2020
GIG achieves financial close for 47 MW Tysvaer wind project
Macquarie Group Ltd unit, Green Investment Group Ltd (GIG), has achieved financial close for its 47 MW Tysvaer wind project in Norway. Tysvær Vindpark AS has also received final approv...
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April 13, 2020
Norwegian authorities approve 88 MW Hywind Tampen floating offshore wind project
The Norwegian Ministry of Petroleum and Industry has approved the plans for the development and operation of the Hywind Tampen wind farm. The Snorre and Gullfaks platforms will be the first platforms...
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April 02, 2020
Green Investment Group reaches financial close on the acquisition of Buheii Onshore Wind Farm
Macquarie’s Green Investment Group (GIG) has reached financial close on the acquisition of the Buheii Onshore Wind Farm from the world’s largest independent renewable energy company, RES....
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