Magnora closes 24% stakes in Kustvind offshore wind farm project
Magnora ASA has increased its stakes in the 500 MW Kustvind shallow-water offshore wind farm project in southern Sweden after closing a total of 24% stakes in the project.
In 2020, Magnora has closed a 5% interest in the project with the target ownership in the investment vehicle Kustvind AB to reach up to 50%.
The Sydkustens Vind project involves the development of a wind farm located in the Baltic Sea, roughly 8 km offshore the southern coast of Sweden. It has a 500 megawatt (MW) potential and a production capacity of 2 TWh annually, serving 250,000 homes with electricity.
Country updates
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July 01, 2021
Eolus, Hydro REIN jointly acquire 260 MW Stor-Skalsjon wind project
Eolus together with Hydro REIN has signed an agreement to acquire the fully permitted wind power project Stor-Skälsjön from Enercon. The project, located in Sundsvall and Timrå municip...
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June 30, 2021
Infranode fund reaches final close, exceeds EUR1bn target
Nordic-based infrastructure manager Infranode has reached a final close on its second fund, Infranode II, with over EUR1.2 billion (US$1.4 billion) of capital commitments. The fund significantly excee...
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June 28, 2021
W3 Energy signs O&M contract for 753 MW Onusberget wind farm
W3 Energy has signed a contract with Luxcara for onsite technical operations management for the Önusberget wind farm, which is Europe’s largest single onshore wind farm. Önusberget wi...
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June 15, 2021
Axpo signs solar PPA with Sparbanken Skåne solar park
Axpo has signed a 10-year power purchase agreement (PPA) with the Sparbanken Skåne solar park currently being developed by Svea Solar. Svea Solar develops the 18 MW Sparbanken Skåne...
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June 11, 2021
Luxcara signs turnkey contract for 753 MW Onshore wind farm in Sweden
Luxcara is expanding an existing collaboration with the Finnish contractor VEO for electrical works in Northern Sweden.
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