Dutch pension fund APG acquires Swedish wind developer Vasa Vind

Vestas turbines in Sweden. Courtesy of Vestas Wind Systems A/S.

September 14 (Renewables Now) - Dutch pension investor APG Asset Management NV has acquired a 100% stake in Swedish onshore wind farm developer Vasa Vind Holdings AB, it was announced on Tuesday.

London-based Asper Investment Management Ltd is parting ways with Vasa Vind for an undisclosed price, after backing the wind developer for over eights years and mobilising together over EUR 400 million (USD 472.4m) worth of investment in new sustainable energy projects.

APG, which takes over the business through a fund it manages, has crossed paths with Vasa Vind and Asper before, most notably when they promoted the 288-MW Askaelen, and more recently the 60-MW Raftsjohojden wind project in Sweden.

Since it was established in 2013, the Stockholm-based Vasa developed 337 MW of large-scale wind projects at home. Currently, it has 60 MW under construction, some 1.6 GW of greenfield projects in the development pipeline and 525 MW of operational wind farms under its management, according to the press release.

(EUR 1.0 = USD 1.181)

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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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