German utility SWM takes 60% of 112-MW wind project in Norway
Wind farm in Norway. Author: John Christian Fjellestad. License: Creative Commons, Attribution 2.0 Generic
German municipal utility Stadtwerke Muenchen (SWM) has entered the 112-MW Raskiftet wind project in Norway as owner of a 60% stake, it was announced on Friday.
The particular project has been developed by Austri Vind since 2010. The firm is owned by Norwegian companies Gudbrandsdal Energy and Eidsiva Energy, each of which has a 20% stake in the scheme.
Now that Stadtwerke Muenchen is involved, construction work at the site in the municipalities of Amot and Trysil. With an estimated cost of NOK 1.4 billion (USD 165m/EUR 149m), the project envisages erecting 31 wind turbines. It should be completed in late 2018.
A joint venture between the three partners has appointed Swedish renewable energy developer OX2 as the engineering, procurement and construction (EPC) contractor for the project, the latter said today. OX2 previously worked with Austri Vind to secure financing for the development.