Green Investment Group divests entire stake in 240.8 MW Överturingen wind project in Ånge

Red Rock Power Limited has acquired Green Investment Group’s 50 percent equity share of Överturingen onshore wind farm located in central Sweden. The deal will see Red Rock Power partner CapMan Infra, a Nordic infrastructure manager, on the Cloud Snurran AB joint venture.

The 56-turbine 240.8 MW wind farm reached commercial operation earlier this month. It is Red Rock Power’s first project outside of the UK and marks a key milestone for the company as it hopes to accelerate expansion into the wider European market.

Överturingen will generate approximately 805.5 GWh per year. Norwegian aluminium company, Norsk Hydro’s 29-year Power Purchase Agreement (PPA) for the majority of the wind farm’s generation is believed to be one of the longest in the industry. NEAS Energy has a 10-year PPA for the remaining generation, powering around 25,000 households.