September 5 (Renewables Now) - The renewables arm of German diversified group BayWa AG (ETR:BYW6) said today it has sold a 94.6-MW wind project in Sweden to Swiss sustainable infrastructure investor SUSI Partners AG.
BayWa re renewable energy GmbH, which has developed the project, will act as the engineering, procurement and construction (EPC) contractor, planning to commission the facility in 2021. To be installed in southern Sweden, the Lyngsasa wind park will consist of 22 Vestas V150 turbines that are expected to generate about 315 GWh of electricity annually and save 93,000 carbon dioxide (CO2) emissions.
A fixed-price power purchase agreement (PPA) for the wind park’s output, which is seen to be enough for about 80,000 homes per year, is already in place. Following completion, BayWa will be in charge of operating and maintaining the plant.
Debt financing for the project has been arranged with Hamburg Commercial Bank (HCOB).
The deal represents SUSI Partners’ first investment in Sweden, adding to its Nordic wind portfolio, said chief investment officer Marco van Daele.