Downing Renewables invests in 46 MW wind project in north east Sweden

Downing Renewables & Infrastructure Trust plc (DORE) has completed the acquisition of an operational 46 MW onshore wind project located in north east Sweden for a total consideration of approximately EUR23.8 million (US$26.9 million). The acquisition has been funded on an ungeared basis using the group’s cash resources.

The wind farm is powered by 20 Enercon E-82 2.30 MW turbines and is located on a plateau in north eastern Sweden at approx. 220 metres above sea level in the SE2 pricing region. The project has been operational since 2011. Operation and maintenance services are provided by Enercon GmbH. The asset is expected to generate approximately 108 GWh of electricity per annum.