Sustainable infrastructure investor and asset manager NTR plc has reached EUR115 million (USD140.33 million) financial close of its 86MW Norra Vedbo wind farm located in the county of Jönköping, in Southern Sweden. Reichmuth Infrastructure II CIP joins as co-investor into the project alongside NTR’s Renewable Energy Income Fund II, while Skandinaviska Enskilda Banken AB (SEB) provides debt finance.
The Norra Vedbo project consists of 20 Vestas V150 turbines, each with an installed capacity of 4.3 MW and once operational, it is estimated that the project will produce enough clean power to serve the annual consumption of up to 44,000 households.
The project is expected to enter operations in the fourth quarter of 2022, and NTR has signed a ten-year clean energy power purchase agreement for the project.
EY acted as financial advisor to NTR on the co-investment transaction. Legal advisors on the transaction to NTR were DLA Piper, while advisors to Reichmuth Infrastructure and SEB were Bird & Bird and Mannheimer Swartling.
Country updates
-
-
May 18, 2021
Financial close of USD364 million achieved for 372 MW Onshore wind farm in Sweden
Enlight Renewable Energy announced that the 372 megawatts Björnberget wind farm located in central Sweden has achieved financial close.
Read more -
April 26, 2021
Luxcara signs PPA for 374 MW Onshore wind farm in Sweden
Luxcara has closed a long-term power purchase agreement (PPA) with Amazon. The deal is one of the continent’s largest onshore wind PPAs and covers a significant share of the power to be produced...
Read more -
April 26, 2021
Axpo signs two 10-year PPAs for 60 MW Hultema and 16.4 MW Norra Hunna wind farms
Axpo, through its subsidiary Axpo Nordic AS, has agreed to buy the full output generated by the 60 MW Hultema and 16.4 MW Norra Hunna wind farms currently under construction in Sweden. The Hult...
Read more -
April 16, 2021
Constructions starts for large-scale hydrogen storage in HYBRIT Project
SSAB, Luossavaara-Kiirunavaara AB (LKAB), and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRIT’s pilot facility for...
Read more -
April 06, 2021
Wood appointed as owner’s engineer for 753 Onshore wind Farm in Sweden
Wood has been appointed by Luxcara GmbH as owner’s engineer on its Önusberget wind farm development, located in Sweden’s Norrbotten County, near the town of Piteå, Sweden.
Read more
