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Enercon begins work on 844-MW Swedish wind project, seeks co-investors

Picture: ENERCON wind farm Ersträsk/Nordschweden. Source: Enercon GmbH

March 29 (Renewables Now) - German wind turbine maker Enercon GmbH has commenced the search for a co-investor in an 844-MW Swedish onshore wind project on which the company has already initiated infrastructure works.

Enercon said in a statement today that the so-called Maximus project, which represents phase II of the Markbygden cluster, will involve the installation of 201 turbines of its new E-138 EP3 series at a site in the municipality of Pitea, the Norrbotten province.

The company noted it had taken the investment decision for this self-developed scheme in late 2017, when it inked a deal with Swedish grid operator Svenska Kraftnat for a new 1,300-MW transformer station in Trolltjarn. It will be connected directly to the 400-kV grid and will help transfer to consumers the roughly 2,000 GWh of electricity generated by the wind park each year.

The plan is to have the wind farm up and running as soon as the grid connection is available by mid-2020. The plant should be fully operational by the end of the third quarter of 2021.

Enercon’s managing director Hans-Dieter Kettwig said in a statement that the company is ready to market the project and that, based on previous developments in Sweden, there is definitely interest among potential investors.

The company has hired DNB to be its advisor for the equity and power purchase agreement (PPA) aspects, while Nord/LB’s Structured Finance team will consult on the debt financing process. Cirio continues in the role of legal advisor.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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