The latest green energy infrastructure fund of German independent asset manager Prime Capital AG has acquired a 372-MW wind project in Sweden in partnership with Israel’s Enlight Renewable Energy.
The new owner is already nogotiating a power purchase agreement (PPA) of 10-12 years with an unnamed global technology company for about 50% of the wind farm’s output.
The Bjornberget project in central Sweden was sold by developer RES, Prime Capital said on Monday as it also announced the co-investment from power producer Enlight (TLV:ENLT). The value of the acquisition and the respective stakes of each company were not disclosed.
The deal is Prime Capital’s first investment from the Prime Green Energy Infrastructure Fund (PGEIF) that focuses on zero-subsidy wind parks in the Nordics. It takes Prime Capital’s track record in Nordic infrastructure projects to above 1 GW.
The Bjornberget wind farm is set to become one of the largest onshore wind farms in Europe once built. With a planned annual output of 1.1 TWh, the plant is scheduled to go live early in 2023, generating electricity for around 300,000 European homes. It will be equipped with Siemens Gamesa turbines, operating at 6.2 MW each.
RES will provide balance of plant (BoP) services for the project and will also take care of the wind farm’s commercial and technical management.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.