Eolus lifts stake in 200-MW Swedish wind project

Swedish wind project developer Eolus Vind AB (STO:EOLU-B) has struck a deal to lift its participating interest in a roughly 200-MW wind project in Sweden, in which it is partnering with domestic developer DalaVind AB.

The agreement will see Eolus own 49% of the vehicle behind the so-called Fagerasen project, while its partner will hold a 51% interest. The arrangement was announced by Eolus on Tuesday but financial details were not available.

To be installed along the border between the regions of Dalarna and Varmland, outside the municipality of Malung, the Fagerasen wind park will be equipped with 33 turbines and is expected to be capable of generating around 700 GWh of electricity per year. Their annual output will be enough to cover the annual power consumption of some 140,000 homes

Eolus and DalaVind intend to bring the wind farm online in the autumn of 2026. The partners were awarded an environmental permit for the project in 2018.

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