Marguerite to buy 42-MW wind project from OX2

Photomontage from the Valhalla wind farm project site. Photo: OX2

September 28 (Renewables Now) - European infrastructure fund Marguerite has signed an agreement with developer OX2 to acquire 100% of the 42-MW Brannliden wind farm in Sweden, Marguerite announced today.

Construction work at the project site, located in Skelleftea municipality, will start immediately. OX2 is building the farm under an engineering, procurement and construction (EPC) contract and will, upon completion, be responsible for its technical and commercial management. Completion of the farm is estimated to be reached by late 2019 or early 2020.

Vestas will provide V136 4.2 MW turbines for the Brannliden plant. The Danish company will also deliver operation and maintenance (O&M) services for the wind park over a 25-year period. The average production of the facility is expected to be approximately 160 GWh per year.

Once built, the Brannliden wind farm will bring to 88.8 MW Marguerite's aggregate installed capacity in Sweden, as the fund has recently commissioned its first 46.8-MW onshore wind farm in the country, located in Grimsas, Vastra Gotaland County.

The legal advisors on the transaction were DLA Piper for OX2 and Vinge for Marguerite. 

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