Uniper and Talanx Group via Augusta Investment Management have entered into a 15-year Power Purchase Agreement (PPA), after working on the agreement over the last several months.
Sydkraft Hydropower AB, Uniper SE’s hydro production unit in Sweden, is selling a percentage of the actual power production from 15 of its different hydropower plants. These power plants are in the Swedish price zones SE2 and SE4. The total volume of the transaction is expected to be around 5.3 TWh.
The recently concluded agreement increases Augusta Investment Management’s Nordic reservoir hydropower portfolio to more than 2 TWh of annual generation. Ampega Asset Management, which is responsible for the Talanx Group's asset management, backed Augusta Investment Management in this transaction, making its first investment in Nordic hydropower, adding to its substantial portfolio of renewable energy investments.
Country updates
-
-
May 31, 2023
Northvolt completes construction of energy storage system production facility in Poland
Northvolt has completed the construction of its energy storage system (ESS) production facility that will build its ‘Voltainer’ ESS product in Poland. The facility will be powe...
Read more -
May 29, 2023
Forvia signs 10-year PPA for Klevberget wind project in Sweden
Faurecia, a company of the group Forvia, has signed a 10-year Power Purchase Agreement (PPA) with Renewable Power Capital (RPC) for the 146 MW wind farm located in the municipality of Ånge,...
Read more -
May 26, 2023
Ørsted starts construction at 70 MW e-methanol project in Örnsköldsvik
Ørsted has commenced the construction of 70 MW FlagshipONE, the largest e-methanol project in Europe. Located in Örnsköldsvik, Sweden, the facility will supply growing fleet of methan...
Read more -
May 24, 2023
PPA signed for 140 MW Wind Farm in Sweden
Vattenfall has reached an agreement with Volvo Group to sell 50% of the electricity produced at the 140 MW Bruzaholm wind project over a 10-year period.
Read more -
May 09, 2023
MoU signed for 600 MW Hydrogen project in Sweden
ABB has signed a Memorandum of Understanding (MoU) with Lhyfe and Skyborn to develop the 600 MW SoutH2Port hydrogen project in Sweden.
Read more
