RPC, E.on seal grid-connection deal for 561 MW of Swedish wind

Renewable Power Capital (RPC), a UK-based renewables platform backed by Canada Pension Plan Investment Board (CPP Investments), has struck a deal that will enable the interconnection of up to 561 MW of wind farms to the Swedish national grid.

The contract was signed with E.on Energy Distribution, part of German power company E.on SE (ETR:EOAN), and covers the grid-connection of four wind projects, RPC said on Wednesday.

The agreement sets the terms, costs and timing for hooking the power plants to the electricity network. Namely, these are the 132-MW Sorlidberget, 92.4-MW Knasjoberget, 171.6-MW Vitberget and 165-MW Storhojden plants, to be installed in the municipalities of Solleftea and Kramfors. All of them are slated for commissioning in the second half of 2025.

E.on will begin site preparations for installing a new main transformer station in the autumn, with groundwork to commence in the spring of next year. The German firm will also build three regional grid stations and an 80-km power line network needed to connect the plants. Swedish authority Svenska Kraftnat will be in charge of the construction of a new 400-kV station.

RPC bought the four ready-to-build projects in May in a deal representing an investment of EUR 800 million (USD 831.1m). Once up and running, the wind farms are expected to generate enough electricity to supply 182,000 homes annually.

(EUR 1.0 = USD 1.039)

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