Eolus agrees to sell 130 MW wind project in Sweden to KGAL

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Eolus has announced that it has signed an agreement with KGAL regarding the sale of the Bäckhammar wind farm in Sweden. The preliminary purchase price for the wind farm amounts to EUR131 million (US$150.5 million). 

The transaction covers all the shares in the project company that hold the project rights for the wind farm, to be located in the municipalities of Kristinehamn and Degerfors. Eolus will construct the wind farm and KGAL will provide construction financing.

The wind farm will comprise 22 Vestas V136 4.2 MW wind turbines and 9 Vestas V150 4.2 MW wind turbines for a total installed capacity of 130.2 MW.

Bäckhammar wind farm is expected to be delivered turn key to KGAL ESPF 4, a Fund advised by KGAL, and their co-investor Kempen Private Markets Fund in August 2020.

As part of the agreement Eolus has been entrusted to provide technical, operational and administrative services for the wind farm to maximize outcome and production from the facility.

The transaction is subject to fulfillment of a number of conditions before closing.

List of the country updates

Country updates

  • October 02, 2018

    Vestas to supply wind turbines for 42 MW wind project in Sweden

    Vestas has announced that it has received an order from Swedish developer OX2 for the 42 MW Brännliden wind project, located in Skellefteå Municipality, north-east Sweden. Th...

    Read more
  • October 01, 2018

    Marguerite agrees to acquire 42 MW wind project from OX2

    Marguerite has announced that it has signed an agreement with developer OX2 to acquire 100% of a 42 MW onshore wind farm in Brännliden, Skellefteå municipality, Sweden. Construction w...

    Read more
  • September 27, 2018

    Vattenfall signs PPA for 163 MW wind farm in Sweden

    Vattenfall and German-based Aquila Capital have signed 15-year agreements for wind power and balancing services for the 163 MW Kråktorpet wind farm in northern Sweden, located approxim...

    Read more
  • September 24, 2018

    Arise announces the acquisition and subsequent sale of a 37 MW wind farm in Sweden

    Arise AB has announced that it has exercised its option right to acquire the 37 MW Enviksberget wind farm, located in Falun municipality, Sweden, from Dala Vind AB. Subsequently, Arise has entered int...

    Read more
  • September 21, 2018

    re:cap global investors enters agreement with Arise for Bröcklingeberget wind project acquisition

    Arise has entered into an agreement with a fund managed by re:cap global investors, a Swiss based asset manager, for the sale of the appr. 45 MW wind farm Bröcklingeberget. Arise has pe...

    Read more

Share this update