Hermes Infrastructure, CGNEE invest in 813 MW Swedish wind portfolio
Hermes Infrastructure, on behalf of Hermes Infrastructure Fund II LP (HIF II), will invest in an 813 megawatt (MW) portfolio of five Swedish onshore wind farms in conjunction with consortium partner CGN Europe Energy (CGNEE). HIF II will take an initial 20% equity ownership stake and CGNEE has underwritten the remaining 80%. Aquila Capital will retain an ongoing role in relation to the portfolio.
The portfolio comprises two operational onshore wind farms with an aggregate capacity of 216 MW and three onshore wind projects in late-stage construction with an aggregate capacity of 597 MW, all located in Sweden. The portfolio is estimated to offset 156,000 tonnes of CO2 per annum and contributes to a number of the United Nations Sustainable Development Goals.
Completion of the two operational wind farms occurred on 16 September and the remaining three are due to complete as they commence operations, expected by Q1 2020.
Country updates
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October 02, 2019
Google signs PPA for InfraVia's 175 MW Bjorkvattnet wind project in Sweden
GE Renewable Energy has announced the signature of a Corporate Power Purchase Agreement (PPA) with Google, to provide the technology giant with energy from the Björkvattnet Onshore Wind Farm in S...
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October 02, 2019
Ardian signs a PPA deal with Skelleftea Kraft for the 250 MW Andberg wind project in Sweden
Ardian and Skellefteå Kraft has announced the signing of a 10-year green power purchase agreement (PPA). Skellefteå Kraft purchases approximately one third (250 GWh) of the wind power...
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September 27, 2019
FONTAVIS, OX2 commissioned the 21.6 MW Stigshojden wind farm in Sweden
FONTAVIS and OX2 starts the commercial operation of the 21.6 MW Stigshojden wind farm on schedule. FONTAVIS acquired the wind farm pre-construction in 2017 and completed it with OX2. The Stigsh...
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September 16, 2019
Baywa divests 95 MW Lyngsåsa wind farm to SUSI Partners
SUSI Partners has acquired 100% of the equity in the 94.6 MW Lyngsasa wind farm in southern Sweden from BayWa r.e. Construction will begin in October 2019. The Lyngsåsa wind farm will consist o...
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September 16, 2019
Vestas to power 95 MW Lyngsåsa wind project in Sweden
Vestas has secured an order from BayWa r.e. for the 95 MW wind project Lyngsåsa in Kronoberg County, Sweden. To maximise the project’s power production, Vestas has developed a customised w...
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