UPDATED - EIP secures debt for fully owned 253-MW Swedish wind farm

Wind turbines in Sweden. Author: Arctic Mirror.

Switzerland-based investment manager Energy Infrastructure Partners AG (EIP) has recently bought out Enercon GmbH's stake in a 253-MW wind farm in Sweden and secured debt financing for it.

MEAG, the asset manager of Munich Re and ERGO, said on Monday that the recently commissioned, fully merchant MB2 North wind farm has issued a three-digit million amount project bond that was subscribed to by a group of 10 institutional investors, including the MEAG Infrastructure Debt Fund II.

A representative for EIP told Renewables Now that the firm has used a portion of the proceeds to acquire wind turbine maker Enercon’s remaining interest in the project.

The investment manager, formerly known as Credit Suisse Energy Infrastructure Partners AG (CSEIP), acquired its majority stake of 77.1% in 2020 and has now achieved full ownership.

MB2 North belongs to the second phase of the Markbygden 1101 cluster of wind farms in Northern Sweden, which will create a complex with a capacity exceeding 3.6 GW. The 253-MW wind park has recently started operating, according to MEAG.

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Browse all articles from Veselina Petrova

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.

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