Axpo, through its subsidiary Axpo Nordic AS, has agreed to buy the full output generated by the 60 MW Hultema and 16.4 MW Norra Hunna wind farms currently under construction in Sweden.
The Hultema and Norra Hunna wind farms are the most recent examples in this regard. Axpo Nordic has inked two long-term PPAs with the owners of the projects. With a planned nominal capacity of around 60 MW, the Hultema wind farm was developed by the PNE Group, a German wind power pioneer, and recently sold to the Swiss infrastructure fund Reichmuth Infrastruktur II KmGK. Construction started in February 2021 with commissioning planned for mid-2023. Once the wind farm is fully operational, Axpo Nordic will be responsible for marketing the electricity produced over a period of ten years.
The second PPA has been signed with Hamburg-based Connected Infrastructure Capital GmbH (CIC), owners of the Norra Hunna wind farm in the Swedish province of Örebro. The 16.4 MW wind farm is scheduled to go into operation in the second quarter of 2021, securing the first foothold for CIC in the Scandinavian growth market. Under the ten-year agreement, Axpo Nordic will buy the wind farm’s full output.
