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.
Country updates
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January 18, 2021
Eolus Vind signs PPA for Boarp, Dallebo, and Rosenskog wind projects
Swedish renewable energy developer Eolus Vind AB has signed a power purchase deal for the three wind projects of a combined capacity of 68 MW to an unnamed major global energy company. The...
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December 16, 2020
Siemens Gamesa to supply turbines for 56.4 MW wind project of European Energy
Siemens Gamesa has signed four contracts with European Energy to install four wind farms in Sweden and Poland.The Kingebol wind farm (37 MW) in Sweden will see the installation of six SG 5.8-170 turbi...
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December 02, 2020
Eco Energy World to develop 500 MW of Swedish solar portfolio
Eco Energy World PLC (EEW) is entering the Swedish solar market with plans to develop and construct 500 MW of subsidy-free projects over the next three years. The solar portfolio is expected to produ...
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November 26, 2020
Cloudberry, Downing to jointly develop the 100 MW Rewind Vanern offshore wind project
Downing LLP has acquired an interest in the 100 MW Rewind Vanern lake wind project in Sweden from its developer, Cloudberry Clean Energy AS. The signed deal between the two companies...
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November 13, 2020
RWE finalizes purchase of 2.7 GW European wind and solar portfolio
RWE and Nordex have successfully completed the process of acquisition of Nordex’ European onshore wind and solar development platform by RWE. According to RWE, 15% of the pipeline projects are...
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