Eolus divests 68 MW of Swedish wind projects
Eolus has signed an agreement with Commerz Real regarding the sale of three wind farms in southern Sweden with a total installed capacity of 68 MW. The preliminary purchase price for the wind farms amounts to EUR82.5 million (US$96.9 million).
The transaction covers all the shares in the three project companies that hold the project rights for the wind farms Boarp (24 MW) in Vaggeryd municipality, Dållebo (26 MW) in Ulricehamn municipality and Rosenskog (18 MW) in Falköping municipality all located in southern Sweden. Eolus will construct the wind farms and Commerz Real will initially fund the construction via an all-equity investment. The wind farms are expected to be delivered to Commerz Real in the autumn of 2023.
As part of the agreement, Eolus wil provide technical, operational, and administrative services for the wind farms to maximize outcome and production from the facilities.
The transaction is subject to the fulfillment of a number of conditions before closing.
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