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Eolus Acquiring Seven Onshore Wind Projects in Sweden

Eolus has signed an agreement to acquire seven wind power projects in an early development phase from Vindkraft Värmland, a subsidiary of Modern Energy.

Image: PixabayImage: Pixabay

The planned wind farms will have a capacity of 450 MW. The final purchase price depends upon how the projects will develop and is covered by a profit sharing with the seller when the projects a realized.

"We are pleased to add these projects in early development phase to Eolus’ Swedish portfolio," says Gustav Grumert, Head of origination at Eolus.

The acquisition of these wind power projects is the first within the new Origination function established in January 2020. The objective of the Origination function is to strengthen the early project development by identifying strategic collaborations with landowners, acquiring projects under development, evaluate new geographical markets and asses earlier Eolus projects that have been downgraded, the company says.

Windfair Editors
Eolus, onshore, wind farm, development, acquisiton, investment, Sweden, Nordics, developer, stage, Vindkraft Wärmland

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