Ardian inks wind PPA with municipal utility in Sweden

Wind turbines in Sweden. Author: Arctic Mirror.

October 1 (Renewables Now) - Paris-based investment firm Ardian Infrastructure has secured an off-taker for one-third of the output of the 250-MW Andberg wind farm it is building in Sweden.

About 250 GWh of the wind farm’s production will be sold to Swedish municipal power company Skelleftea Kraft under a newly signed ten-year power purchase agreement (PPA), Ardian said Tuesday. The Andberg wind farm will feature 53 units of the Nordex Delta4000 extending across the central Swedish province of Harjedalen. It is expected to commence operations in 2022.

Ardian acquired the project from Stockholm-based renewable energy company OX2 for EUR 300 million (USD 328.9m) this February. OX2 has remained with the project to lead construction and technical management.

The PPA with Skelleftea Kraft has also served as the launchpad of Ardian’s new sustainable energy platform eNordic. The platform, led by energy sector veterans Eero Auranne and Thomas Linnard, will invest in clean energy assets in the region and also in traditional assets, especially if it sees potential to transform or manage such "in a particularly sustainable way".

(EUR 1.0 = USD 1.09)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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