Falck Renewables S.p.A., through its Norwegian subsidiary Falck Renewables Vind A.S., has awarded to Vestas Norway A.S. a supply contract for the purchase of 5 wind turbines V117-4.2 MW for its Okla wind farm in Norway, for an overall capacity of 21 MW and a total consideration of EUR13.1 million (US$14.6 million) approximately, entirely financed with own resources. The parties also executed a long-term operations and maintenance agreement.
Balance of plant works is due to start soon, to be completed by mid-2020. Turbines are expected to arrive at the site in summer 2020 with commercial operations expected end of October 2020.
The wind farm is located on the Western coast of Norway on the Stadlandet peninsula near Selje, within Sognog Fjordane county. The turbines have been specifically optimised for the high-wind project, have a maximum rated capacity of 4.2 MW each and are mounted on 90-metre towers and a maximum height of 148.5 meters. Average annual production of 75 GWh is expected.
Country updates
-
-
May 08, 2019
KGAL completes purchase of minority stakes in SunErgy
Private Equity Fund KGAL New Frontiers, a unit of German KGAL, has completed the purchase of a 22% stake in SunErgy. SunErgy is a Norwegian company specialized in off-grid power supply to emerging co...
Read more -
April 30, 2019
Prime Capital launches Prime Green Energy Infrastructure Fund
German independent asset manager Prime Capital AG has launched the fundraising for Prime Green Energy Infrastructure Fund (“the Fund”), a fund which will invest in wind-powered energy asse...
Read more -
April 25, 2019
Partners Group to acquire Norwegian midstream infrastructure company CapeOmega
Partners Group, the global private markets investment manager, has agreed to acquire 100% of the equity in CapeOmega, a leading offshore infrastructure platform in Norway. The Company is being acquire...
Read more -
March 18, 2019
MEAG and Luxcara structure financing for Norwegian wind farms
Luxcara, one of Europe's leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the wind fa...
Read more -
February 26, 2019
Mirova agrees to acquire 29 MW Vardafjellet wind project from RES
RES, known locally in Scandinavia as Nordisk Vindkraft, has signed an agreement with Mirova Eurofideme 4, a fund managed by Mirova, for the sale, construction and operational management of the 29...
Read more
