NTR has signed a power purchase agreement, with a European utility as part of its financing of 94 MW of wind projects in Sweden and Finland.
The utility will offtake 70% of the power generated over the next 15 years by Trattberget, a 69 MW wind project in the portfolio. The power produced by the remaining two projects will continue to avail of existing revenue arrangements. An existing offtake arrangement is in place with an industrial pulp mill for the 10 MW Skutskär project in Sweden and the 15MW Svalskulla wind project avails of the Finnish feed-in-tariff system.
Nord/LB was mandated by NTR to provide EUR37 million (US$37.53 million) of debt facilities to the portfolio of three projects, which became operational between 2009 and 2014.
DLA Piper and Pexapark provided legal and commercial advice respectively to NTR.
Country updates
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February 03, 2020
Vestas to provide turbines and service for 155 MW Aby-Alebo wind farm
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AF Gruppen ASA, through its unit Kanonaden Entreprenad AB, has been awarded to build the 155 MW Aby-Alebo wind project in Sweden. The construction group will design and build roads, fo...
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January 17, 2020
Siemens Gamesa concludes the acquisition of the 9 GW European Onshore Service Business and IP division of Senvion
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January 13, 2020
Ardian and OX2 switch to Nordex's N149/5.X turbines at 286 MW Andberg wind project in Harjedalen
Ardian and Nordic developer OX2 have switched on Nordex's 5 MW class turbines for the 286 MW Åndberg wind farm. The Nordex Group had already booked this order comprising 53 turbines as order int...
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