Red Rock Power acquire wind farm in Sweden
Published by Bella Weetch,
Editorial Assistant
Energy Global,
Red Rock Power Limited (Red Rock Power) has acquired Green Investment Group’s 50% equity share of Överturingen onshore wind farm located in central Sweden. The deal will see Red Rock Power partner CapMan Infra, a Nordic infrastructure manager, on the Cloud Snurran AB joint venture.
The 56-turbine 240.8 MW wind farm reached commercial operation earlier in December 2020. It is Red Rock Power’s first project outside of the UK and marks a key milestone for the company as it hopes to accelerate expansion into the wider European market.
Överturingen will generate approximately 805.5 GWh/yr. Norsk Hydro (a Norwegian aluminium company)’s 29-year power purchase agreement (PPA) for the majority of the wind farm’s generation is believed to be one of the longest in the industry. NEAS Energy has a 10-year PPA for the remaining generation, powering approximately 25 000 households.
For more news and technical articles from the global renewable industry read our latest issue of Energy Global magazine.
Energy Global’s Winter 2020 issue
The Winter issue of Energy Global provides a range of technical articles covering technological advancements and future outlooks in the renewables sector, from companies including CorPower Ocean, Rystad Energy, Black & Veatch, Voltalia, FUERGY, and more.
Read the article online at: https://www.energyglobal.com/wind/23122020/red-rock-power-acquire-wind-farm-in-sweden/
You might also like
Eavor Erdwärme Geretsried signs loan agreement for geothermal project financing
Eavor Erdwärme Geretsried GmbH has entered into a loan agreement for the project financing totalling at around €130 million with Japan Bank for International Cooperation, the European Investment Bank, ING Bank N.V., Tokyo Branch, and Mizuho Bank, Ltd.