Sweden

Sweden

UK investor Renewable Power Capital to buy 528MW onshore wind pipeline in Sweden

Renewable Power Capital expects the transaction – its biggest deal to date – to close in the next few days

Sweden has 10.6GW of operational onshore wind capacity, according to Windpower Intelligence (pic credit: Green Investment Group)
Sweden has 10.6GW of operational onshore wind capacity, according to Windpower Intelligence (pic credit: Green Investment Group)

UK investor Renewable Power Capital (RPC) has agreed to buy a 528MW pipeline of construction-ready onshore wind farms in north-east Sweden.

It will take over responsibility for procurement and construction management of the four wind farms in Kramfors and Sollefteå municipalities in Västernorrland County.

RPC, which is backed by Canadian pension giant CPP Investments, aims to commission the wind farms in 2025.

The acquisition will more than double the company’s pipeline in Sweden and Finland from 317MW to 845MW.

It is the company’s biggest transaction to date and is expected to close in the next few days. 

The newly acquired pipeline includes four wind farms: the 92.4MW Knäsjöberget Knäsjöberget (92.4MW) OnshoreSollefteå, Västernorrland County, Sweden, Europe Click to see full details project in Sollefteå, the 132MW Sörlidberget Sörlidberget (132MW) OnshoreKramfors and Sollefteå, Västernorrland County, Sweden, Europe Click to see full details project in Kramfors and Sollefteå, and the 171.6MW Vitberget Vitberget (171.6MW) OnshoreKramfors, Västernorrland County, Sweden, Europe Click to see full detailst and 165MW Storhöjden Storhöjden (165MW) OnshoreKramfors, Västernorrland County, Sweden, Europe Click to see full details projects in Kramfors.

The sellers have asked to remain confidential, an RPC spokeswoman told Windpower Monthly.

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