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Aquila Capital acquires 357 MW Swedish windfarm

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Project_Valhalla

Aquila Capital has acquired Project Valhalla, which it says is one of the largest windfarms in Europe.

The project will consist of 85 of the latest V136 4.2 MW Vestas turbines and have an installed capacity of 357 MW.

It is located on two sites in Tönsen and Åmot-Lingbo in the Bollnäs and Ockelbo municipalities of Sweden respectively.

The average wind speed in the area is approximately 7.2m per second at the turbines’ hub height and the project has a high capacity factor of more than 36 per cent.

OX2 is the seller and is assigned to build the project and deliver it on a turnkey basis. Construction work will begin this month. The project is located northwest of Stockholm in a region with high-energy demand from corporate and industrial customers.

With the acquisition of the Valhalla project, Aquila Capital said that it manages renewable energy projects in Europe with a capacity of over 2300 MW.

Susanne Wermter, Head of Investment Management Energy & Infrastructure EMEA, Aquila Capital, said: “Wind projects in the Nordics are one of the pillars of Aquila Group’s real asset strategy, which underlines why this project is so special to us. It is a landmark achievement to have successfully closed one of the biggest wind projects in Europe and secure stable income for our investors through a long-term above average PPA.”

Roman Rosslenbroich, chief executive and co-founder of Aquila Capital said: “Wind energy investments in the Nordics region are getting more and more attractive investments and this project is especially remarkable due to the technical dimension and its performance features. Our proposition in the region is enhanced even further by the broad network of partnerships we have built with leading market participants such as OX2 and Vestas. We are very happy about this cooperation.”

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