Watson Farley & Williams has advised HSH Nordbank AG on the financing of the Odin wind farm in Sweden.
HSH Nordbank provided long-term KfW backed financing for the 68.4 MW farm, located approximately 15km southeast of Färila in the municipality of Ljusdal, Sweden. The project was built by Swedish developer OX2 and acquired by a fund managed by Aquila Capital, the alternative asset management division ofHamburg-based Aquila Group. The project has entered into a long term utility PPA with Axpo as offtaker.
The wind park has 18 Vestas V 126 3.6 MW turbines that produce about 244 GWh electricity on a yearly basis due to outstanding wind conditions.
Watson Farley & Williams worked closely with Swedish correspondent law firm Vinge on the domestic law aspects of the transaction.
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