re:cap global investors enters agreement with Arise for Bröcklingeberget wind project acquisition
Arise has entered into an agreement with a fund managed by re:cap global investors, a Swiss based asset manager, for the sale of the appr. 45 MW wind farm Bröcklingeberget. Arise has performed development, design and procurement of the Project, including sourcing an investor. Arise expects that the sale will have a positive impact on earnings of appr. SEK 70 million (USD7.68799 m) in total over the years 2018 and 2019. The final outcome in terms of earnings and cash flow is dependent on how construction of the Project proceeds versus plan and budget. The transaction also includes a production based earn-out mechanism.
Arise will manage the construction and once operational, manage the Project on behalf of re:cap global investors through construction and asset management agreements.
Siemens will be supplying 11 Siemens DD 142, 4.1 MW turbines. Construction of the Project will begin immediately and commissioning is expected late 2019.
Country updates
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September 11, 2018
Work starts on Sweden's largest solar park
Work starts for the largest solar park in Sweden. The plant is located near Säve airport and is part of a major investment in solar energy, made by the Swedish utility Göteborg Energi. ABB...
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September 06, 2018
First State Investments agrees to acquire Swedish gas transmission system operator Swedegas
The European Diversified Infrastructure Fund II (EDIF II), managed by First State Investments (First State), has agreed to acquire Swedish gas transmission system operator, Swedegas from the Spanish a...
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August 31, 2018
Munich Re takes control of 79 MW wind farm in Sweden
Eolus has completed the 79 MW Jenåsen wind farm, located in Sundsvall municipality, Sweden. The wind farm comprises 23 Vestas V126 3.45 MW wind turbines. In May 2017 Eolus s...
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August 23, 2018
Commission clears acquisition of Stena Renewable by Stena Sphere, AMF and KLP
The European Commission has approved, under the EU Merger Regulation, the acquisition of Stena Renewable AB, of Sweden, by Stena Sphere and AMF Pensionförsäkring AB (AMF), both of Sweden, an...
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August 14, 2018
GE to supply turbines for the Zinkgruvan wind project
GE Renewable Energy has been chosen by the European Energy to supply wind turbines for its 52.3 MW Zinkgruvan wind project. The facility, consists of 14 3.8-MW turbines, is expected to commence o...
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